Good evening, everyone. I hope you all had a great day.
Please, I need some guidance on this CAC post-incorporation matter:
A client approached me today regarding her company, which was initially registered with two (2) shareholders and two (2) directors:
Shareholder A: 700,000 shares
Shareholder B: 300,000 shares
The client wants to remove Shareholder B entirely—both as a shareholder and as a director.
I would appreciate clarification on the following:
Filing Process: Can the removal of the director and the transfer of shares be filed simultaneously on the CAC post-incorporation portal?
Requirements & Costs: What are the legal requirements and official/professional fees for this process (whether combined or done separately)?
Once Shareholder B is removed:
Is it mandatory to add a new shareholder immediately? Must the 300,000 shares be transferred to Shareholder A (making it 1,000,000 total), or can the company simply operate with 700,000 shares?
Thank you in advance for your assistance and responses!
Filing process- they are different jobs and are filed one after another
Requirements : resolution and deed of transfer
Cost : 10200 each payable to CAC
The shares of shareholder B are to be transferred immediately to either a new shareholder or still shareholder A as the company wishes but note that the shares of shareholder B must be realloted immediately
Thank you so much for this analysis. God bless you.