How to register a debenture in Nigeria

How to register a debenture in Nigeria

May 09, 2019

How to register a debenture in Nigeria

In order to register a debenture in Nigeria, the following requirements must be submitted to the Corporate Affairs Commission (CAC) for the registration to be effeced;

  • Duly Completed statutory form with instrument evidencing the assignment of the debenture to the debenture holder.
  • Payment of stamp duty to Federal Board of Inland Revenue
  • Payment of filing fees
  • If the filing is out of time, a court order extending the time should be attached.

 

 

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Frequently Asked

  • What additional documents do I require to file my Annual Returns?
  • 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. 

  • What is an execution clause in a contract?

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

  • What are the penalties for not registering my products with the SON?
      1. Seizure of goods by the Inspectorate and Compliance Directorate
      2. Payment of a fine.
      3. Prosecution

     

  • What is personal data?

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

  • 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.

  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water

  • 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.

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