Why are companies delisted?
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...
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How can i recover my lost certificate of incorporation from the Corporate Affairs Commission(CAC)?
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...
How can i reduce the share capital of my company?
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...
Do incorporated trustees need to file Annual Returns?
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...
How to dissolve a foundation in Nigeria
Do you have a Foundation/ NGO which you are tired of running and you have been wondering how to dissolve it? you can get it dissolved by taking the following easy steps; Write a petition for dissolution to...
Do foreign companies need to file Annual Reports?
Annual report filing is a way of informing the Commission that your Company is still in business, thus it is mandatory for every Company that is carrying on business in Nigeria. Every company that was...
How do I remove or add a Proprietor to my Business Name?
Whenever a change is made or occurs in the particulars in respect of any individual registered by the commission as a proprietor of a business , the firm or individual shall within 28 days after such change...
How do i amend the constitution of my NGO/Foundation?
The constitution of a foundation is a document stating the following; (a) The name or title of the association which shall not conflict with that of a company, or with a business name or trademark registered...
How to appoint or remove a Company Secretary.
A secretary shall be appointed and removed by the directors. Where it is intended to remove the secretary of a public company, the board of directors shall; Give him/her notice‐ (a) stating that it is...
Are directors paid salaries?
Directors are either paid salaries or remuneration, depending on whether the director is an executive or a non-executive director, to know the difference, refer to the post on directors-...
Rotation of directors
Rotation is a means of retiring directors in a company. According to the Companies and Allied Matters Act (CAMA), all the directors shall retire at the first Annual General Meeting of the company, and at...
What is the age requirement for a director in Nigeria?
hT The minimum age for a director is 18 years, as a minor cannot be a director in Nigeria unless two adults are existing directors in that company. The age limit for a proposed or an already existing...
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