Who can be a trustee of a Non-Profit Organisation?

Who can be a trustee of a Non-Profit Organisation?

March 25, 2019

A Non-profit Organisation is registered in Nigeria as an incorporated trustee.

Basically, the aim for an Incorporated Trustee is not to make profit but for the advancement of sports, education, religious, literary, scientific, social development, cultural and charitable causes.

A trustee of a non-profit organization can be any individual appointed by a community of persons, anybody or association of persons with the aim of establishing a Non-profit Organisation for the stated reasons above.

However, there are certain persons who are not qualified to be trustees of a non-profit organization. They include;

  1. An infant.
  2. A person of unsound mind having been found by a court.
  3. A person undischarged from bankruptcy

A person convicted of fraud or dishonesty within the five years of his proposed appointment.

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. 

  • 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.

  • Why is mutual assent important in a contract?

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

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

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

  • Can I use the data collected legally for one purpose for another purpose?

    No, you can’t use the data collected for one purpose for a different purpose.

  • Does copyright protect website Domain names?

    No, copyright does not protect domain names.

  • 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.

  • Can my kids be shareholders in my company?

    Yes your kids can hold shares in your company but there must be a minimum of two adult shareholders before kids can be included.

  • Will my trademark registration in Nigeria protect me worldwide?

    No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.

Call Us Now on +234 901 719 0079 Chat on WhatsApp