How To Register a Group Company in Nigeria
According to the Companies and Allied Matters Act (CAMA), a Group company comprises of three or more associated companies with common ownership. These companies become the shareholders of the distinct...
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How to remove/appoint a company secretary in Nigeria
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....
How to change the name of your company in Nigeria
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...
How to change your business address – Limited Liability Company or Business Name
To change the address of your business name or limited liability company, your business should have filed up to date Annual Returns with the corporate Affairs Commission (CAC). A company would during a...
How to close your Company in Nigeria
The closing of a company in Nigeria is called winding up and it can be done voluntarily by court order or by supervision of the court. The procedure for winding up is done at the Federal High court where the...
How to close your Business Name in Nigeria
After incorporation of a business, the proprietor or proprietors of the business can decide to close the business name on reasonable grounds or upon the death of a proprietor, the Legal representative can...
How To Register a Co-operative Society in Lagos State
Co-operative societies in Lagos State are overseen by the State Ministry of commerce, Trade and Co-operative and its registration is based on the location of the proposed co-operative society. The...
How to upgrade your business name to a limited liability company in Nigeria
To upgrade your business Name to a Limited liability company, you must first apply for the consent to upgrade your business Name from the Registrar of the Corporate Affairs Commission (CAC). If it is denied,...
Procedure for share transfer and share transmission in Nigeria
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...
How to remove a Trustee from your Non-profit Organisation in Nigeria
The Companies and Allied Matters Act Cap LN 2020 Sec 834 provides that Where a body or association intends to replace some or all its trustees or to appoint additional trustees, it may by resolution at a...
Filing Financial Statements under the Companies & Allied Matters Act in Nigeria (CAMA)
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...
Family Business Can be Big Business
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...
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