The Corporate Affairs Commission has declared new compulsory requirements for all business name online update requests, ensuring that changes will take effect immediately.
The update was announced on Wednesday in a statement published on the commission’s X account.
According to the commission, applicants must now supply more personal and contact information in order to facilitate verification and improve record accuracy for registered businesses.
“Under the new guidelines, every Business Name Online Update submission must include date of birth, registered office email, proprietor’s email address, phone number for the registered office or proprietor, where different, and a valid means of identification,” CAC stated.
The commission noted that these additions are part of ongoing reforms designed to improve documentation integrity, prevent fraud, and ensure seamless communication with business proprietors.
While urging all proprietors to follow the updated rules to avoid processing delays, the commission added that the strengthened requirements will help streamline its database, support compliance checks, and offer more secure and efficient services for entrepreneurs across the country.
HOW TO UPDATE BUSINESS NAME WITH THE CORPORATE AFFAIRS COMMISSION (CAC):
REQUIREMENTS?
Every proprietor or entrepreneur must have a birth certificate, which contains the date of birth.
Every proprietor or entrepreneur must have a registered office email.
Every proprietor or entrepreneur must have an active and functioning email address.
Every proprietor must have an active and a functioning phone number.
Every proprietor or entrepreneur must have a valid means of identification.
PROCESS?
Interested proprietors should access the CAC portal by accessing the link via the internet.
Interested proprietors should go to the ‘Select Business Name’ section and choose the business name he or she wants to update.
Interested proprietors should provide necessary details, including date of birth, email addresses, and phone number.
Interested proprietors should attach required documents such as identification and proof of address by uploading them into the portal.
Interested proprietors should review all documents before submission.
Interested proprietors should pay necessary fees through the CAC portal.
Interested proprietors should monitor the status of update requests, thereby tracking the application status.
CAVEATS?
Interested proprietors must ensure that there is a stable internet connection and compatible devices to prevent interruptions
