What is a certificate of incorporation?

What is a certificate of incorporation?

July 23, 2019

A certificate of incorporation is certificate given by the corporate affairs commission and signed by the Registrar of the commission, signifying the recognition of a particular business entity or organization as a legal business operating within Nigeria.

 WHEN CAN A CERTIFICATE OF INCORPORATION BE GIVEN?

A certificate of incorporation is given by the commission under the following circumstances;

  • After incorporation of a business name, company or incorporated trustee
  • Where an already registered company alters/ changes its name
  • When an already registered company undergoes a restructures that changes its type. E.g a change from a private company to a public company.

A certificate of incorporation needs no renewal its life span is the life span of the company. If the company is not removed from the list of registered company in Nigeria by the Commission for any reason such as long default in filing of annual returns, permanent cessation of business, winding up or any reason at all ,then the certificate of incorporation remains valid /and has no expiry date.

Contents of the certificate of incorporation

  • RC No: which means the registration number of the company
  • The name of the company
  • The date of incorporation
  • The stamp of the commission
  • The signature of the Registrar General

618bees offers a document safe keeping service. We have insured onsite and offsite fire resistant storage facility to ensure a proper and safe document keeping. Documents will be released to clients on request.

Team 618bees

 

For Further inquiries;

www.618bees.com

info.618bees.com

012803791

 

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.

 

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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. 

  • 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 an execution clause in a contract?

    This is the section in which the parties sign the contract or agreement.

  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office

  • 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.

  • Can an industrial design be sold?

    An industrial design is a company asset and the right to sell is in the hands of the registered owner.

  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

  • Why do i need a Shareholders Agreement?

    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.

  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source and indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.

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