The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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Where a resolution has been put to vote at a general meeting, voting is usually by a show of hands unless poll is demanded by members that are entitled to demand same. What is poll voting? Where voting is by...
In todays business world, having a website for your business is now regarded as a basic requirement and it is even more necessary when most of your business is done online. A website can serve as a great...
The duties of a company secretary are regulated by section 298 of the Companies and Allied Matters Act (CAMA) and the Articles of Association of the company. Duties of a company secretary include the...
The directors of companies meet to discuss, strategize and determine the running of the business, adjourn meetings and regulate their meetings as they think fit. However directors of companies must be aware...
Resolutions are decisions taken by the shareholders or directors of a company at meetings which become binding on the company and determine the next action of the company. Types of Resolutions Ordinary...
A board meeting is a formal meeting of the directors of the company which is held at intervals to put down policies, plan strategies for the future of the company and discuss the issues and problems of the...
A General meeting of a company is a meeting of both shareholders and directors where decisions about the company is taken. There are two types of general meetings according to CAMA; Annual General meeting...
A notice is sent to shareholders of a company or the directors of the company, stating the date, time and venue of shareholders meeting or board of directors meeting. A notice of meeting must be effected or...
Directors are the alter egos or governors of the company who are appointed by the shareholders of the company and can be removed by the shareholders of the company. The directors manage the companies for the...
A director is a person who is duly appointed by the company to direct and manage the affairs of the company by making and implementing polices to promote the success of the company. The position of a...
An extraordinary meeting is a meeting of members of the company that is convened when an important resolution is to be passed and an AGM cannot be called because it is not yet time for one, or it had...
Quorum is the minimum number of members necessary to be present at a meeting, to yconduct the affairs of that meeting. For a company, unless the articles of association provide otherwise, no business can be...
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