The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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In an effort to encourage entrepreneurship and deepen the government’s ease of doing business initiative, the Corporate Affairs Commission has been mandated to reduce the cost of Business Names registration...
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”,...
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...
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...
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...
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...
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...
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...
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...
Trustees have the overall legal responsibility for an NGO/Foundation/Incorporated Trustee. They are persons having the general control and management of the administration of the organization. Trustees have...
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...
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...
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