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
Do I have to physically drop off my product sample at NAFDAC office?
No, you can choose to have it sent to NAFDAC office
What is classified as personal data?
Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.
Why should I protect an industrial design?
It gives commercial value to the owner.
It protects the owner of the design from imitation of the design..
It constitutes an asset of the company and it helps in fair return on investment.
Is there a penalty for late renewal of registration of products with NAFDAC?
Yes, there is a late renewal fee, which is dependent on the category of the product.
What is share capital?
The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership.
Does a trademark search automatically reserve my trademark name?
No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.
