What kind of businesses or company names require special consent?

What kind of businesses or company names require special consent?

June 06, 2019

Section 30 of the companies and Allied matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) clearly states the names that require the consent of the Corporate Affairs Commission (CAC) before they can be registered and they are Names  which:

(a)includes the word “Federal”, “National”, “Regional”, “State”, “Government”, or any other word which in the  opinion of the Commission suggests or is calculated to suggest that it enjoys the patronage of the Government of  the Federation or the Government of a State in Nigeria, as the case may be, or any Ministry or Department of  Government; or

(b) contains the word “Municipal” or “Chartered” or in the opinion of the Commission suggests, or is calculated to  suggest, connection with any municipality or other local authority; or

(c) Contains the word “Co‐operative” or the words “Building Society”; or

(d) Contains the word “Group” or “Holding”.

 

 

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.
  • 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
  • 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
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    Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.
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  • Is there a penalty for late renewal of registration of products with NAFDAC?

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  • How many shareholders do I need to start a company?

    A minimum of one (1) adult shareholder is required to form a company.
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    No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.
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