It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly.
Must my Company Secretary be a Lawyer?
Although it’s ideal to have a lawyer as a company secretary, it is not compulsory for small private businesses.
What is a testimonium clause in an agreement?
This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
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
Is it legal to transfer the personal data you obtained legally to another person?
No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
Can industrial design be protected under copy right law?
Yes, it can be protected under copyright law as a work of Art.
Do I have to physically drop off my product sample at NAFDAC office?
No, you can choose to have it sent to NAFDAC office
Can a minor be a company director?
No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.
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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