Rebuilding Your Business Post COVID-19
It’s no news that the Coronavirus along with severe health and humanitarian issues caused enormous challenges for businesses the world over. The challenges range from the collapse of customer demand,...
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Virtual Board Meetings- Here to stay or what?
The Covid-19 virus has disrupted travel across the world and even within cities as many have been forced to stay home due to lockdown measures put in place to curtail the spread, impacting the boardroom in...
Virtual Meeting Etiquette
According to Colaric, the key to a successful video conference or phone conference meeting is to remember that you are in a meeting and to give full attention to the participants as you would if you were in...
How to change a proprietor’s signature on the Business Name Form
To change a proprietor’s signature on a Business Name Form, please follow the procedure below; Write an application letter to the Registrar General of the Corporate Affairs Commission (CAC) stating your...
How Can the Coronavirus Affect Your Business?
So far, there are around 70,000 confirmed cases of COVID-19, the new coronavirus that emerged in Wuhan, China, in December and is spreading around the world. The virus which has now spread to over 25...
What is a Board meeting?
Board meetings are statutory meetings organized by members of the board of directors of a company. The board of directors comprise of all directors of the company. The board of directors is the ultimate body...
When should a Board Meeting take place in a company?
A board meeting of a company can take place anytime the company has pending issues to discuss, provided the right notice is given out to the members of the board informing them of the meeting. However, there...
Can a foreigner be a director in a Nigerian company?
Yes a foreigner can be a director in a Nigerian Company. Although there is no express provision for this in the Companies and Allied Matters Act 2004, the law also doesnot preclude a foreigner from being a...
What does the term “Limited Liability” mean?
At incorporation, it is required that every company be registered either as a private company or public company. Where a company is registered as a private company Limited by shares, the members of the...
How to change a Proprietor’s signature at the Corporate Affairs Commission in Nigeria
The procedure for changing a proprietors Signature on a Business Name Registration Form is as follows: Prepare an Affidavit stating why the proprietor intends to change his/her signature. This Affidavit must...
How to change a Proprietor’s name at the Corporate Affairs Commission in Nigeria
The procedure necessary to effect the change of a proprietor’s name on a Business Name Form is as follows; Prepare a duly completed application form for the change of name. Attach the Affidavit in support of...
How to legally close up a company that is no longer doing business
Closing a company is usually referred to as dissolution and this can be done through members voluntarily winding up the company. The assets of the company are distributed to the creditors if any and among...
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