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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  • What’s the difference between a business name and an LLC?

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    • 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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