A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.
The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
What is the first thing I must do to register a business in Nigeria?
To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
What is a testimonium clause in an agreement?
This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
Can I process/register multiple products at NAFDAC at the same time?
Yes, you can process/register multiple products at the same time
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.
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.
Is there a penalty for late renewal of registration of products with NAFDAC?
Yes, there is a late renewal fee, which is dependent on the category of the product.
Who can be directors in my company?
Any two adults can be directors in a company.
Can I trademark my logo and name separately? Why is this a good idea?
Yes you can. The advantage is that it gives you the opportunity to have more than one logo or the opportunity to change your logo easily as opposed to registering the name and the logo as one trademark.
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