Issuing company shares at a premium
When shares are issued at a price higher than the face value (also called par value or nominal value), it is called an issue of shares at a premium. Where a company issues shares at a premium, whether for...
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How do companies allot shares?
A person becomes a shareholder of a Company either by shares being allotted, transferred or transmitted to him/her. What is allotment? A company may allot shares when it is first set up or at any time during...
Can I change my company from a private company to a public company? (LTD/LLC – PLC)
Yes, you can. First, we will differentiate a private company from a public company. A limited liability company, also referred to as a private company limited by shares is restricted from offering its shares...
Why we are supporting young female entrepreneurs
A lot of guys have contacted me to say I am been unfair to guys for doing this for females only. Well, What can I say, I love my ladies I cannot lie. But hold still guys, I just might have something in the...
What is a MEMART (Memorandum and Articles of Association)?
A memorandum and articles of association are legal documents that state the object of the company, shareholders of the company, the number of shares they subscribed to and the laid down rules in the running...
Who is a promoter?
A promoter is a person who stands in a fiduciary relationship to a company and takes necessary steps such as raising capital, arranging for directors of the company, placing of shares and negotiating...
How to obtain Money Lenders License in Lagos state
To register a money lending business a money lending license is required to authorize the function of such business. There are basically three(3) steps in obtaining the money lenders license and they are...
Trademark validity and renewal
A trademark when registered is valid for a period of 7(Seven) years but is renewable for another period of 14 years as provided by the Act. There is no limit to the number of times a trademark can be...
Can I register my trademark in multiple classes?
Yes, a trademark can be registered under multiple classes that covers the goods and services offered by the owner of the trademark. The registration of trademark in Nigeria has many benefits which includes;...
How to record a trademark assignment at the Registry
The required procedure is as follows; The name, trade or business address and description of the assignee. The full particulars of the instrument, if any, under which he claims to be entitled to the Trade...
How to assign a trademark
The required procedure is as follows; The assignee applies to the Registrar within 6 months from the date of the assignment for direction to advertise the assignment; The assignee advertises the assignment...
Can I assign my trademark to another person/business?
Can I assign my trademark to another person/business? Yes, you can assign your trademark to another person or business. Assigning a Trade Mark means transferring ownership from one party to another. The...
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