Registration of charges in Nigeria.
According to the Companies and Allied Matter Act (CAMA), every charge must be registered within 90 days of the creation of a such charge. However, when a charge is not registered within 90 days after its...
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What is a Debenture Trust Deed and when is it necessary?
A Debenture Trust Deed is a document created by a company as security that is issued by the company to protect the interest of a denture holder, where trustees are appointed. In order to raise funds from the...
What is a resident permit/ when do I need one in Nigeria?
People frequently ask questions like; what is a resident permit anyways? And when do I need one? The answer is not farfetched, it is hereby stated below. So a residence permit is a document or card required...
Which people make up the members of a company?
According to section 79 of the Companies and Allied Matters Act cap C20 LFN 2004. The following people make up members of the company. (1) The subscribers to the memorandum of the company. (2) Every other...
Registration of patent: what are the benefits?
A common question that looms the minds of many is why should I register my patent? In answer to the question we have pinpointed the benefits derived from registration of patent. Here are some stated below; •...
What is share capital?
So there is a common question frequently asked as to what share capital really means. Here is a detailed answer to that question. Share capital consists of all funds raised by a company in exchange for...
Who makes up a company’s board?
A company’s board is made up of a group of individuals known as directors that are selected by the shareholders to be in charge of making decisions that affect the company. This is why a company’s board is...
What is the difference between a company limited by guarantee and an incorporated trustee?
A company limited by guarantee and an incorporated trustee are usually established for the purpose of promoting an objective. The major difference between the two is COMMERCE. Although both a company limited...
Who can be a trustee of a Non-Profit Organisation?
A Non-profit Organisation is registered in Nigeria as an incorporated trustee. Basically, the aim for an Incorporated Trustee is not to make profit but for the advancement of sports, education, religious,...
What is a certificate of Good standing?
A certificate of good standing is a document that is given to a corporate entity to show that it has met all statutory requirements and it is authorized to do business in that state. It verifies that a...
Do I need a permit to advertise in Lagos?
Yes, a permit is required to advertise in Lagos state. This makes it illegal for a person to erect, construct, enlarge or structurally modify any outdoor structure or signage or advertisement without permit...
Do I need a permit for my company’s board in Lagos state?
The reason why companies put up their board is to promote, advertise, direct and entice customers to the business. However, a business in Lagos that intends to put up its company’s board requires a permit...
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