What is a Board meeting?
Board meetings are statutory meetings organized by members of the board of directors of a company. The board of directors comprise of all directors of the company. The board of directors is the ultimate body...
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When should a Board Meeting take place in a company?
A board meeting of a company can take place anytime the company has pending issues to discuss, provided the right notice is given out to the members of the board informing them of the meeting. However, there...
Can a foreigner be a director in a Nigerian company?
Yes a foreigner can be a director in a Nigerian Company. Although there is no express provision for this in the Companies and Allied Matters Act 2004, the law also doesnot preclude a foreigner from being a...
What does the term “Limited Liability” mean?
At incorporation, it is required that every company be registered either as a private company or public company. Where a company is registered as a private company Limited by shares, the members of the...
How to change a Proprietor’s signature at the Corporate Affairs Commission in Nigeria
The procedure for changing a proprietors Signature on a Business Name Registration Form is as follows: Prepare an Affidavit stating why the proprietor intends to change his/her signature. This Affidavit must...
How to change a Proprietor’s name at the Corporate Affairs Commission in Nigeria
The procedure necessary to effect the change of a proprietor’s name on a Business Name Form is as follows; Prepare a duly completed application form for the change of name. Attach the Affidavit in support of...
How to legally close up a company that is no longer doing business
Closing a company is usually referred to as dissolution and this can be done through members voluntarily winding up the company. The assets of the company are distributed to the creditors if any and among...
How to legally close a Business Name which is no longer doing business.
In order to legally close a Business Name which is no longer doing business, one will have to file a Notice to the Corporate Affairs Commission for Cessation of business/removal of name from register....
Procedure for change of the business address of your Business Name
The Requirements for change of registered address on a Business Name Form is as follows: Duly completed application form. Duly completed Form for change of address Formal written application for change of...
What is the procedure for Pioneer Status application in Nigeria?
Pioneer status is also known as a Tax holidayand it is an incentive granted to a company to be exempted from paying tax for a period of time. The initial grant is usually for a period of three years and an...
How to legally change your company address in Nigeria
When registering a company, you are required to put in an address which serves as the registered address of the company. If a company wishes to change its registered address, the company must apply to the...
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...
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