Issuing company shares at a premium
When shares are issued at a price higher than the face value (also called par value or nominal value), it is called an issue of shares at a premium. Where a company issues shares at a premium, whether for...
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How do companies allot shares?
A person becomes a shareholder of a Company either by shares being allotted, transferred or transmitted to him/her. What is allotment? A company may allot shares when it is first set up or at any time during...
Certificate of good standing
A Certificate of Good Standing, also called a “Certificate of Existence” or “Certificate of Authorization,” is a state-issued document that shows that your company has been duly incorporated, is authorized...
Who is a shareholder?
A shareholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a...
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...
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...
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...
Do incorporated trustees need to file Annual Returns?
Annual Return filing is a statutory requirement for every registered business or organization with the Corporate Affairs Commission and as such it is very necessary for all registered businesses to file...
How to dissolve a foundation in Nigeria
Do you have a Foundation/ NGO which you are tired of running and you have been wondering how to dissolve it? you can get it dissolved by taking the following easy steps; Write a petition for dissolution to...
Do foreign companies need to file Annual Reports?
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...
How do I remove or add a Proprietor to my Business Name?
Whenever a change is made or occurs in the particulars in respect of any individual registered by the commission as a proprietor of a business , the firm or individual shall within 28 days after such change...
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