How to register a consortium in Nigeria

How to register a consortium in Nigeria

July 18, 2022

Consortiums are companies which are composed of separate and different companies coming together to pool resources for an agreed objective or specific duties. Each company will be responsible for the consortium as specified or set out in the consortium agreement.

The requirement for the proper registration of a Consortium includes the following:

  • A formal application for consent to use the word ‘Consortium’ in the name of the company.
  • Evidence of not less than 3 different companies forming the consortium.
  • Evidence of registration in the home country, in the case of a foreign company
  • A Resolution of each company in the consortium indicating consent to the consortium arrangement and stating the objectives of the consortium.
  • The statutory declaration to wind up the consortium in accordance with the provisions of the Companies and Allied Matter Act (CAMA) upon completion of the object of the consortium.
  • Statement of the object of the consortium in the memorandum of association.
  • Inclusion of a clause to wind up the consortium in the articles of association.
  • Evidence of updated annual returns of component companies
  • Evidence of appointment of company secretary of component companies.
  • Evidence of compliance with S.553 CAMA where applicable
  • Upon obtaining the Consent, the Applicant can go ahead to register a new company with the same procedure for the registration of a new company.

Team 618 Bees

 

618 Bees can quickly and easily help you register a Consortium in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the Corporate Affairs Commission (CAC).

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • What additional documents do I require to file my Annual Returns?
  • What is the first thing I must do to register a business in Nigeria?

    To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
  • What is a testimonium clause in an agreement?

    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
  • What are the benefits of Registering with SON?
    1. Product traceability in the Nigerian market
    2. Detection of counterfeit products
    3. Barriers to the circulation of substandard goods
    4. The official SON Product Registration Logo and number are displayed on registered products.
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
  • Does copyright protect website Domain names?

    No, copyright does not protect domain names.
  • When can I start renewal of the registration of my product(s) with NAFDAC?

    You can start renewal 6 months to the date of expiry.
  • How many directors do I need to start a company?

    A minimum number of one (1) adult director is required to form a company.
  • Can I trademark my logo and name separately? Why is this a good idea?

    Yes you can. The advantage is that it gives you the opportunity to have more than one logo or the opportunity to change your logo easily as opposed to registering the name and the logo as one trademark.
All FAQs
Call Us Now on +234 901 719 0079 Chat on WhatsApp