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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Does a water packaging business require SON certification? SON stands for the Standard Organization of Nigeria. It is the organization responsible for preparing a standard for products in Nigeria at all...
Lagos state is a well-planned city and as such permits are usually required to construct or alter an already constructed property in the State. Ordinarily, a permit is not required to convert a residential...
The answer is No. A company is entirely different from a business name in the sense that a business name when incorporated has the backing of law however the owners of the business and the business itself...
A shareholders’ agreement, also called a stockholders’ agreement, is an arrangement among a company’s shareholders that describes how the company should be operated and outlines shareholders’ rights and...
A companyseal(sometimes referred to as the corporate sealor common seal) is an official sealused by a company. It is a stampor embossed emblemthat represents the companyand its legalname. It is significant...
How to register a debenture in Nigeria In order to register a debenture in Nigeria, the following requirements must be submitted to the Corporate Affairs Commission (CAC) for the registration to be effeced;...
Section 197 of the Companies and Allied Matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) states that every charge created by a company shall so far as any security on the company’s property...
A debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term “debenture” originally referred to a document that either creates a...
Where there are two or more proprietors registered as joint owners of a Business Name and one of them dies, the following steps will be required at the Corporate Affairs Commission (CAC) to ensure the...
CEO is an abbreviation for Chief Executive Officer of a company and it can be used interchangeably with Managing Director, Executive director and President. A CEO is the person in charge of managing the...
As defined by the Companies and Allied Matters Act (CAMA), directors are persons that are duly appointed by the company to direct and manage the business of the company. The CAMA also made provisions on the...
According to the Companies and Allied Matter Act (CAMA), every charge must be registered within 90 days of the creation of a such charge. However, when a charge is not registered within 90 days after its...
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