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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Annual report filing is a way of informing the Commission that your Company is still in business, thus it is mandatory for every Company that is carrying on business in Nigeria. Every company that was...
The constitution of a foundation is a document stating the following; (a) The name or title of the association which shall not conflict with that of a company, or with a business name or trademark registered...
A secretary shall be appointed and removed by the directors. Where it is intended to remove the secretary of a public company, the board of directors shall; Give him/her notice‐ (a) stating that it is...
Rotation is a means of retiring directors in a company. According to the Companies and Allied Matters Act (CAMA), all the directors shall retire at the first Annual General Meeting of the company, and at...
hT The minimum age for a director is 18 years, as a minor cannot be a director in Nigeria unless two adults are existing directors in that company. The age limit for a proposed or an already existing...
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...
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