What is a restricted name?

What is a restricted name?

July 23, 2019

A restricted name is a name that requires the consent of the Corporate Affairs Commission before it can be used.

According to Section 30(2) CAMA restricted names include the following;

  • “Federal”, “National”, “Regional”, “State”, “Government”: These names suggest that the entity to be registered enjoys government patronage and as such the entity must seek and obtain the consent of the commission before they proceed to register.
  • “Municipal”: This name suggests connection with a local authority and as such consent must be sought and obtained before such entity is registered.
  • “Co-operative”, “Building society”, “Group” or “holding”: These names suggest connection with already existing entities and such must be proven and the consent of the commission obtained.

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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. 

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    • 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. 

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    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

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    SON stands for ‘Standards Organization of Nigeria’

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    This is any information that can be used to identify an identifiable human person such passport photograph.

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    No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.

  • 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.

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    A minimum of two (2) shareholders is required to form a company.

  • What is a trademark?

    A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.

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