What is a shareholder’s agreement?
If you are going into business with others and are looking to properly secure your investment on laid down terms and conditions, then its advisable you consider putting a shareholders’ agreement in place to...
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Articles of Association of a company
A company’s articles of association is a document which, along with the memorandum of association, forms the company’s constitution, defines the responsibilities of the directors, the kind of business to be...
90 days discount on Business Name registration!!!!
In an effort to encourage entrepreneurship and deepen the government’s ease of doing business initiative, the Corporate Affairs Commission has been mandated to reduce the cost of Business Names registration...
What is a restricted name?
A restricted name is a name that requires the consent of the Corporate Affairs Commission before it can be used. According to Section 30(2) CAMA restricted names include the following; “Federal”, “National”,...
How to form a group company.
The use of the word ‘Group’ in the name of a company is restricted by the law and as such, consent must be sought and obtained from the Registrar-General of the Corporate Affairs Commission (CAC) before the...
Can I use the word “holding” in my company name?
The word “holding” can be used in your company name, however it is referred to as a restricted name under S. 30 (2) of the Companies and Allied Matters Act, thus its use is subject to the permission of the...
Why are companies delisted?
All companies in Nigeria, asides being expected to be registered with the Corporate Affairs Commission (CAC), are mandated by the Companies and Allied Matters Act to file their annual reports with the...
What is a prohibited name?
Certain names have been absolutely forbidden by the Companies and Allied Matters Act(CAMA) from being used as a company name, these names are referred to as prohibited names. The following is a list of such...
How can i recover my lost certificate of incorporation from the Corporate Affairs Commission(CAC)?
To recover a lost Certificate of Incorporation, a director of the Company has to write an application to the commission, stating that the original certificate that was issued is lost and requesting for a...
How can i reduce the share capital of my company?
To reduce your company’s share capital, a special resolution for reduction of the share capital will be passed by the Company at Annual General Meeting (AGM) or Extraordinary General Meeting (EGM), after...
How can i get my foreign company to operate in Nigeria without registering it?
To operate a foreign company in Nigeria without registering, you need to apply to the President for exemption from registration. Note that a foreign company qualifies for an exemption if the foreign company...
Who is a trustee?
Trustees have the overall legal responsibility for an NGO/Foundation/Incorporated Trustee. They are persons having the general control and management of the administration of the organization. Trustees have...
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