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...
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Articles of Association of a company
A company’s articles of association is a document which, along with the memorandum of association, forms the company’s constitution, defines the responsibilities of the directors, the kind of business to be...
What is a restricted name?
A restricted name is a name that requires the consent of the Corporate Affairs Commission before it can be used. According to Section 30(2) CAMA restricted names include the following; “Federal”, “National”,...
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...
Can I use the word “holding” in my company name?
The word “holding” can be used in your company name, however it is referred to as a restricted name under S. 30 (2) of the Companies and Allied Matters Act, thus its use is subject to the permission of the...
What is a prohibited name?
Certain names have been absolutely forbidden by the Companies and Allied Matters Act(CAMA) from being used as a company name, these names are referred to as prohibited names. The following is a list of such...
How can i get my foreign company to operate in Nigeria without registering it?
To operate a foreign company in Nigeria without registering, you need to apply to the President for exemption from registration. Note that a foreign company qualifies for an exemption if the foreign company...
What is a certificate of incorporation?
A certificate of incorporation is certificate given by the corporate affairs commission and signed by the Registrar of the commission, signifying the recognition of a particular business entity or...
Who owns your website?
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...
How to register an NGO/Foundation in Nigeria
In Nigeria, a foundation, also known as a Non-Governmental organization is registrable as an Incorporated Trustee under the Companies and Allied Matters Act (CAMA). The following is the procedure for...
Types of company registration in Nigeria
This write up is to help you understand the different types of companies in Nigeria as it states the basic features of each type of company registrable in Nigeria. ENTERPRISE OR BUSINESS NAME: This type of...
Differences and similarities between a company limited by guarantee and a Non-Governmental organisation
There are similarities between a company limited by guarantee and a non- governmental organization, but these similarities do not make them the same. This article intends to highlight the similarities and...
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