CAC share capital Threshold for company registration

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CAC Share Capital Threshold For Company Registration

Share Capital is the funds' bedrock with a company relies on its financial operations. There are some businesses that have minimum shares to have to be able to checkmate the strength of the owners of the companies. Nigeria Corporate Affairs Commission has what we called CAC share capital Threshold for company registration. This will limit and separate the best-performing firms. It is always a lookout to strengthen the economic sustainability of the companies.

List of the CAC share capital threshold for company registration

SN TYPE OF COMPANY MINIMUM SHARE CAPITAL (N) JUSTIFICATION
1. ISSUING HOUSE 200 Million  

 

 

 

 

 

 

 

 

Securities and Exchange Commission Guidelines on New Minimum Share Capital for Market Operators

2. BROKER/DEALER 300Million
3. TRUSTEE 300 Million
4. FUND/PORTFOLIO MANAGER 150 Million
5. STOCK BROKER 200 Million
6. STOCK DEALER 100 Million
7. CORPORATE INVESTMENT ADVISER (REGISTRAR) 150 Million
8. CORPORATE INVESTMENT ADVISER

 

5 Million
9. INDIVIDUAL INVESTMENT ADVISER 2 Million
10. MARKET MAKER 2 Billion
11. CONSULTANT (PARTNERSHIP) 2 Million
12. CONSULTANT (INDIVIDUAL) 500,000
13. CONSULTANT (CORPORATE) 5 Million
14. UNDERWRITER 200 Million
15. VENTURE CAPITAL MANAGER 20 Million
16. COMMODITIES BROKER 40 Million
17. CAPITAL TRADE POINT 20 Million
18. RATING AGENCY 150 Million
19. CORPORATE/SUB BROKER 5 Million
20. COMMERCIAL BANK WITH REGIONAL AUTHORIZATION 10 Billion
21. COMMERCIAL BANK WITH NATIONAL AUTHORIZATION 25 Billion
22. COMMERCIAL BANK WITH INTERNATIONAL AUTHORIZATION 50 Billion CBN Scope and Standards Commercial Regulations 2020
23. MERCHANT BANK 15 Billion CBN Scope, Condition and Minimum Standard for Merchant Banks Regulation 2, 2010
24. MICRO FINANCE BANK (UNIT) 20 Million CBN Regulations
25. MICRO FINANCE BANK (STATE & FCT) 100 Million
26. MICRO FINANCE BANK (NATIONAL) 2 Billion
27. PRIMARY MORTGAGE INSTITUTION 2 Billion
28. FINANCE COMPANY 20 Million
29. BUREAU DE CHANGE 35 Million
30. NON INTEREST BANK (REGIONAL) 5 Billion
31. NON INTEREST BANK (NATIONAL) 10 Billion
32. INSURANCE BROKER 5 Million Nigerian Council of Registered Insurance Brokers Act, 2003
33. LIFE INSURANCE 2 Billion Guideline on Insurance Sector Reform and Consolidation
34. GENERAL INSURANCE 3 Billion Section 9 (4), Insurance Act and Regulation 2003
35. RE-INSURANCE 10 Billion Section 9 (4), Insurance Act and Regulation 2003
36. PRIVATE SECURITY COMPANY/CONSULTANT 10 Million Guideline on Requirements for Registration of Private Guard Security Companies made Pursuant to Nigerian Security and Civil Defence Corp Act No. 2 of 2003
37. PENSION FUND/ASSET CUSTODIAN 2 Billion Requirements for Licensing of Pension Fund Custodians (FEB 2005); Section 40 (2)(a) Pension Reform Act, 2004
38. CLOSED PENSION FUND 500 Million
39. PENSION FUND ADMINISTRATOR 1 Billion
40. LOTTERY 5 Million Section 2 (1), National Lotteries (Amendment) Regulation, 2007
41. AIR TRANSPORT (INTERNATIONAL) 2 Billion Nigerian Civil Aviation Authority
42. AIR TRANSPORT (REGIONAL) 1 Billion
43. AIR TRANSPORT (LOCAL) 500 Million
44. AIR AMBULANCE/FUMIGATION/ PRIVATE JET 20 Million
45. AVIATION (GROUND HANDLING SERVICES) 500 Million
46. AVIATION (AIR TRANSPORT TRAINING INSTITUTIONS) 2 Million
47.  AGENTS OF FOREIGN AIRLINES 1 Million
48. AGRICULTURAL SEEDS, PRODUCTIONS, PROCESSING, MARKETING 10 Million NASA Cap 5, LFN, 2004
49. SHIPPING COMPANY/AGENT 25 Million NIMASA Guidelines for Registration
50. CABOTAGE TRADE 25 Million
51. LIFE MICRO-INSURANCE 150 Million Guideline for MicroFinance Operations in Nigeria (NAICOM), December, 2013
52. GENERAL MICROINSURANCE 200 Million
53. FREIGTH FORWARDING 5 Million 5 Million Registration of Freight Forwarding Regulation 2010
54. MICROFINANCE BANK (TIER 1 UNIT) 100 Million by April, 2020 CBN Revised Regulations 2019
200 Million by April, 2021
55. MICROFINANCE BANK (TIER 2 UNIT) 35 Million by April, 2020
50 Million by April, 2021
56. MICROFINANCE BANK (STATE & FCT) 500 Million by April, 2020
1 Billion by April, 2021
57. MICROFINANCE BANK (NATIONAL) 3.5 Billion by April, 2020
5 Billion by April, 2021
58. PAYMENT SERVICE BANK 5 Billion
59. LIFE INSURANCE 2 Billion Currently National Insurance Commission Revised Regulations 2019
8 Billion by 31st December, 2020
60. GENERAL INSURANCE 3 Billion Currently
10 Billion by 31st December, 2020
61. COMPOSITE INSURANCE 5 Billion Currently
18 Billion by 31st December, 2020
62. RE-INSURANCE 10 Billion Currently
20 Billion by 31st December, 2020

Credit: cac.gov.ng

In conclusion, I believe this information will assist you in making the right decisions while registering your company. It will also help you to avoid delays with the registration processes

Talk to us on your company registration

 

Follow Michael Adewale:

International Freight Forwarder, Shipping Consultant and Customs Clearing Agent

He is Chief Executive Officer at Distinctcushy Global Freight Forwarding Company Limited, an International Freight forwarding company and Customs Clearing Broker in Lagos, Nigeria. He loves integrity and value honesty with importers and Exporters in Nigeria and abroad.

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