How To Register a Co-operative Society in Lagos State

How To Register a Co-operative Society in Lagos State

December 09, 2021

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 registration steps have been broken down in stages below;

Zonal office: The registration of a co-operative in Lagos State depends on the Zone. The Zonal office to commence registration is usually decided by the proposed official address of the co-operative society. For Instance, there is a zonal office for Eti-osa covering everyone intending to have their proposed address within the Eti-Osa local government axis of Lagos State.

Name of the Co-operative: an availability search of the name of the co-operative would begin. If the name is available, the Members of the co-operative would be notified and if not, they may be required to change the proposed name of their co-operative.

Forms: The members would be required to pay a statutory fee for the registration of the co-operative upon which a form will be given to them for completion. This form would record all the members and the executive committee (Exco) of the co-operative. Their names, addresses, occupation and signatures will be inputed on the Form before submission. The addresses of all exco’s and members must be within Lagos and its environs. The Co-operative must have up to 3 exco members.

Inauguration: After payment and completion of required Forms, a date is usually given for inauguration. The Zonal officers would inaugurate the Co-operative society and it will be deemed to have kicked off operations.

Certification: It usually takes up to 3 months before the Certificate of the Co-operative society would be issued by Lagos State to the co-operative.

Team 618 Bees

 

618 Bees can help you quickly and easily help you register your co-operative society in Lagos State, Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your registration with the Lagos State Ministry of Commerce, Trade and Co-operative.

 

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

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Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • What’s the difference between a business name and an LLC?
    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 

  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

  • When can I start renewal of the registration of my product(s) with NAFDAC?

    You can start renewal 6 months to the date of expiry.

  • What is classified as personal data?

    Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.

  • How long does a trademark registration in Nigeria Last?

    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.

  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office

  • Can a minor be a company director?

    No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.

  • Does a trademark search automatically reserve my trademark name?

    No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.

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