How can my company get a SCUML certificate?
SCUML is an abbreviation of Special Control Unit against Money Laundering and it is a unit under the Economic and Financial Crime Commission of Nigeria. SCUML certificate is for Designated non-financial...
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Can the same person be both Board Chairman and CEO?
A person can be both a board chairman and a CEO. A board is mjade up of directors that are why it is otherwise known as board of directors. Directors of a company might not necessary be part of the day to...
What is SCUML certificate?
What is SCUML certificate? SCUMLmeans Special Control Unit against Money Laundering and it is a unit of the Economic and Financial Crimes Commission (EFCC). The certificate is issued by the EFCC as a proof...
What does it mean for a company to be limited by guarantee?
Section 26 of the Companies and Allied Matters Act Cap C20 Laws (CAMA) of the Federation of Nigeria 2004 states what a company limited by guarantee is all about. The exact words are thus replicated below:...
What kind of businesses or company names require special consent?
Section 30 of the companies and Allied matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) clearly states the names that require the consent of the Corporate Affairs Commission (CAC) before...
Is a Business Name a company?
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...
What is a shareholders Agreement? and what are the benefits of having one?
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...
I just got married, how do I change my name to my husbands name and make it reflect on all my certificates?
Changing your name is not rocket science. It’s quite easy. Here is the ABC of how to change your names on all your certificates to reflect your new name. Kindly follow the steps below: First you need to...
Can I trademark my business name? what are the benefits?
If the above question has troubled you… then be troubled no more because A big YES is the answer. You can totally trademark your business name. However for some people who might not know what a trademark is...
Significance of a Company Seal
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
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;...
Duty of a company to register charges in Nigeria
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...
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