Nigeria - Registration as registrars and share transfer agents

Advertisement

Procedure

Apply In-Person

1. To register as Registrars and Share Transfer Agents, the applicant needs to visit the office of the Securities And Exchange Commission (SEC). The address and contact details of the Corporation can be found in the following link: contact link
2. Visit the office and obtain an application form for Registrars and Share Transfer Agents from the relevant department. Or download here:Form
3. Complete the application forms with appropriate information under relevant sections. Attest it with your signature once completed.
4. Once completed filling the application form, make sure that you attached all the documents listed in the “Required Documents” section of this page.
5. Then, submit it in person to the relevant authority at the office. Make the stipulated payment as directed by the officials.
6. After submission, the application and other documents will be forwarded for examination and verification processes.
7. Once the verification and validation processes are over, the application will be approved and the officials will proceed to take required steps.
8. When the registration document is ready to be collected, the applicant will be notified by the office and the applicant can collect it by any applicable means.
   

Advertisement

Required Documents

List down the documents required for successfully completing the procedure.
e.g.
1. Proof of child birth from the Hospital.

Office Locations & Contacts

Securities and Exchange Commission (SEC) - Head Office
SEC Towers,
Plot 272, Samuel Adesujo Ademulegun Street,
Central Business District ,<br Abuja, FCT Nijeria
Tel: +234 (0) 94621100; +234 (0) 94621168
Email: [email protected]
Website: Link

SEC NIGERIA e-Portal :Link

Eligibility

The Commission will only register a body corporate if it is satisfied that the rules of the body corporate make satisfactory provisions.

• The individuals must be fit and proper persons to operate in the market.
• Satisfactory police reports
• Satisfactory referees’ reports (banker and immediate previous employer’s reports)
  

Fees

Explain the fees structure which is required for obtaining the certificate/document.

Validity

Usually, the renewal of registration is every two years.

Documents to Use

Form SEC 4 - Registration as Registrars And Share Transfer Agents Form

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Please explain processing time taken in obtaining the document/certificate.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

The Form needs to be completed in duplication.

Required Information

1. Name of Applicant
   
2. Current Office Address
   
3. Telephone & Fax No
   
4. Date of Incorporation
   
5. Previous Address (If any)
   
6. Date of Business commenced
   
7. Banker and Branch (es) in which clients Account is/are maintained
   
8. CAPITAL STRUCTURE
   
9. PARTICULARS OF DIRECTORS OR PARTNERS
   
10. PARTICULARS OF PRINCIPAL OFFICERS
    
11. Total Number of Employees
    
12. If the applicant is a Division/Department/Subsidiary of a registered company, state the name of the principal company
    
13. State specific business activities and contributions of each to turnover of the applicant
    
14. State below the number of clients you serve
    
15. Give the Total in number and values of the following documents outstanding with you undelivered
    
16. What are the main reasons for non-delivery
    
17. Briefly describe facilities available for the safe keeping of securities/valuables
    

    a) Are records updated manually or with the aid of a Computer
    

    b) What are your records update procedure?
    

    c) How are shares transfers effected and dividend warrants prepared?
    

    d) State average period for completion of share transfer registration process.
    

18. Is the applicant always involved in keeping money on behalf of clients pending distribution by the applicant to ultimate beneficiaries for whatever reasons?
    
19. State total amount of client's money now outstanding with you
    
20. How does the applicant account for client's money referred to in (20) above
    
21. State the basis upon which the applicant is remunerated for services rendered
    
22. Give details and value of Fidelity Bonds entered into in respect of your employees
    
23. Affidavit
    

Need for the Document

Please provide the need for the procedure. e.g. Birth Certificate - why do we need to have a birth certificate?

Information which might help

For more information, you may refer:Act

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.