How do i amend the constitution of my NGO/Foundation?

How do i amend the constitution of my NGO/Foundation?

July 23, 2019

The constitution of a foundation is a document stating the following;

(a) The name or title of the association which shall not conflict with that of a company, or with a business name or trademark registered in Nigeria;

(b) The aims and objects of the association; and

(c) Make provisions, in respect of;

(i) appointment, powers, duties, tenure of office and replacement of the trustees;

(ii) the use and custody of the common seal;

(iii) the meetings of the association;

(iv) the number of members of the governing body, if any, the procedure for their appointment and removal, and

their powers; and

(v) where subscriptions and other contributions are to be collected, the procedure for disbursement of the funds

of the association, the keeping of accounts and the auditing of such accounts

To amend the foundation’s constitution, a simple majority of the members will pass a resolution and same will be approved by the Corporate Affairs Commission..

Reference- S. 593, 598 CAMA

Do you have any question or clarification regarding the topic in this post that was not answered or provided by this post? Or you have questions regarding what the law states about a particular legal issue? Log on to our website – www.618bees.com or call us on 23412803791 to speak to any of our consultants that are always on hand to provide answers to such questions.

Best Regards,

Team 618 Bees

 

 

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

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 
  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.
  • 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.
  • Is there a penalty for late renewal of registration of products with NAFDAC?

    Yes, there is a late renewal fee, which is dependent on the category of the product.
  • 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.
  • What is the basic criteria for registering a Design?

    The design must be new and original. This means that it must be a unique design not similar to an already existing design.
  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time
  • What’s the difference between a business name and an LLC?

    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 
  • Does Trademark registration protect my website domain name?

    Yes, it does.
All FAQs
Call Us Now on +234 901 719 0079 Chat on WhatsApp