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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What is NIPC? – NIPC is the Nigeria Investment Promotion Commission, a Commission responsible for promoting, coordinating, and monitoring investments in Nigeria. NIPC registration is crucial for businesses...
WHO IS A PSC (PERSON WITH SIGNIFICANT CONTROL)? A person with significant control (PSC) is referred to as the beneficial owner/ultimate person who exercises significant influence or control over a company or...
Section 834 of the Companies and Allied Matters Act 2020 stipulates the requirement and procedure for the removal of a trustee of a non-profit organisation in Nigeria. To remove a trustee of a non-profit...
Under Section 598 of the Companies and Allied Matters Act 2020 (CAMA), a Secretary of an Incorporated Trustee can be changed or removed. However, the change must be effected by the procedure as laid down in...
The secretary of every company can be changed from time to time if the company so desire. According to the Companies and Allied Matters Act (CAMA) 2020, a private company can elect not to have a secretary....
The Name of a company can be changed if so desired by the members of the company. The following are steps to change the name of a company; A resolution must be passed by the members of the company that the...
MEMART is the abbreviation for the company incorporation document known as Memorandum and Articles of Association, which is the part of your incorporation documents that reflects the structures, governance,...
Before any company can be incorporated it is required by the law to have an authorised share capital which is divided among the members according to their contribution in the company. These shares can either...
The procedure for share transfers includes; Prepare an instrument of Transfer. The instrument of Transfer must be signed by the transferor and the transferee or on their behalf. The instrument of Transfer...
Financial statements are records of the financial activities of a company over a period of time. At the end of every financial year, the director of a company is required by the Companies and Allied Matters...
According to the Family Firm Institute, family-owned businesses account for two-thirds of businesses worldwide, making them essential for both economic growth and job creation. So how can one make a family...
Section 832 of the Companies and Allied Matters Act allows for the change of the name of an incorporated Trustee. A church is registered as an incorporated Trustee under the provisions of the Companies and...
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