Filing Necessary Notices for Liquidation-Merger & Acquisition @ C.A.C. Nigeria is part of business exist strategies. So, there are company’s winding up rules in Nigeria as well as procedure for merger and acquisition. This post presents you details of documents required for filing notices for Liquidation-Merger & Acquisition.
Mergers and acquisitions, or M&A for short, involves the process of combining two companies into one. The goal of combining two or more businesses is to try and achieve synergy. Synergy is defined as where the whole (new company) is greater than the sum of its parts (the former two separate entities). Therefore this new outfit should be seen as more efficient and productive.
Investopedia – defines an exit strategy as a contingency plan that is executed by an investor, trader, venture capitalist, or business owner to liquidate a position in a financial asset or dispose of tangible business assets once predetermined criteria for either has been met or exceeded.
These could be one of the reasons you want to exit from your business now. So, exist strategies open to you may be; Merger & Acquisition (M&A) or Liquidation.
Merger & Acquisition
M&A means merging with a similar enterprise, or being bought by a larger enterprise. This is a win-win situation when bordering companies that have complementary skills merge. In fact, this can save resources by combining the two organisations. However, for bigger companies, this is a more efficient and quicker way to grow revenue than creating new products organically.
Liquidation – Filing Necessary Notices for Liquidation-Merger & Acquisition @ C.A.C. Nigeria
On the other hand, liquidation means to close shop. In fact, even lifetime entrepreneurs can decide that enough is enough. Thi’s one often-overlooked exit strategy – to shutdown, close business doors, and liquidate. Again, this may occur out of a natural catastrophe.
Filing Notices For Filing Necessary Notices for Liquidation-Merger & Acquisition @ C.A.C. Nigeria
Filing Necessary Notices for Liquidation-Merger & Acquisition @ C.A.C. Nigeria involves certain procedures and documentations. These include filing of:
- Notice of merger/acquisition
- Special resolution for merger
- Other documents relating to merger
- Statutory declaration of solvency
- Registration of appointment of liquidator
- Registration of resolution for winding up
- Filing of return of final meeting and account of liquidation
- Filing of Notice of Appointment of receiver and,
- Discharge of receiver
Each has necessary and relevant documents to be presented, with associated fees nd procedures.
- Business Name Registration
- Filing of annual return
- Filing of notices for changes of incorporation Documents
- And, Filing For Changes in Enterprises
- For more information
- Public Name Search filing
- Letter of good standing Consent and Status
- Incorporation Miscellaneous Filing
- Filling for AGM Time Extension
How do I meet up with these requirements?
As a matter of fact, the process of liquidation, merger or acquisition is not a simple one. There are a lot of documents and forms involved. That makes it very cumbersome for those without the necessary facilities and time for it. As you can see, it’s a professional’s duty. Our advice is for you to engage the services of a CAC accredited consultant for this.
In fact, as Accredited CAC consultants, we can do this for you at a minimal cost, if that’s Ok by you. Our professional experience will help you a lot in this. Contact us during work hours on 09053130518 or firstname.lastname@example.org.
Finally, you can share this with your colleagues, friends and well-wishers. Let them know the importance of engaging a professional for their liquidation, merger and acquisition processes. Share with the social media buttons on this page and in deed follow us on the social media platforms, if you desire more updates. Also, find out when next CESSUMMIt holds, if you can attend.