04 Dec

Lawyers Corner: Registration of a Company for your Clients. Step-by-Step guide with pictures.

Posted by Admin 2: isochukwunwosu@gmail.com. The Corporate Affairs Commission has really simplified the process  of company registration and integrated it with digital technology. However, due to the legal implications involved, it is advisable to contact your lawyer to handle the process.  The process can be summarized as follows: Step one: visit cac.gov.ng you would see […]

18 Feb

REGULATORY BODIES AND LAWS IN THE CORPORATE FIELD

:: PRINCIPAL LAWS, SUBSIDIARY LEGISLATIONS AND REGULATORY BODIES ON CORPORATE LAW PRACTICE. :: FEATURES AND FUNCTIONS OF THE REGULATORY BODIES. S/N LAW REGULATORY BODY EST SECTION FUNCTIONS[1] 1. Companies and Allied Matters Act 1990. Corporate Affairs Commission. S 1 CAMA. S 7 CAMA. To implement the CAMA which includes; Register, supervise and Investigate Companies and […]

22 Jan

CORPORATE LAW PRACTICE WEEK 3 (OVERVIEW)

WEEK 3. TOPIC: AN OVERVIEW OF THE LEGAL FRAMEWORK AND REGULATORY BODIES ON CORPORATE LAW PRACTICE IN NIGERIA. :: PRINCIPAL LAWS, SUBSIDIARY LEGISLATIONS AND REGULATORY BODIES ON CORPORATE LAW PRACTICE. :: FEATURES AND FUNCTIONS OF THE REGULATORY BODIES. S/N LAW REGULATORY BODY EST SECTION FUNCTIONS[1] 1. Companies and Allied Matters Act 1990. Corporate Affairs Commission. […]

22 Jan

CORPORATE LAW PRACTICES WEEK 4 (CHOICE OF BUSINESS AND NON-BUSINESS ORGANIZATIONS 1)

WEEK FOUR. TOPIC: CHOICE OF BUSINESS ORGANIZATION AND FORMATION (1)- COMPANIES. Under CAMA, Organizations are broadly classified into business[1] and non-business[2]. CAC registers such except statutory corporations and cooperative societies. :: STATE THE TYPES OF COMPANIES THAT CAN BE REGISTERED. The types are largely 6. A company may be a PRIVATE or PUBLIC company in […]

22 Jan

CORPORATE LAW PRACTICE WEEK 8: POST INCORPORATION MATTERS (PRELIMINARY STEPS AND RELEVANT STATUTORY BOOKS)

WEEK 8 POST-INCORPORATION MATTERS. :: PRELIMINARY STEPS BEFORE COMMENCING BUSINESS. The law requires the company to do the following after incorporation but before commencing business: Publication of Name[1]: in its Name Plate, Common Seal and Official Documents (including Bills of Exchange) (Section 548 1a-c). N100 and 500 fines per day respectively. Veil could be lifted […]

22 Jan

CORPORATE LAW PRACTICE WEEK 9 (FOREIGN PARTICIPATION)

WEEK 9 FOREIGN PARTICIPATION IN NIGERIAN BUSINESS SECTOR. :: LAWS AND AGENCIES REGULATING FOREIGN PARTICIPATION. S/N LAW REGULATORY BODY 1. Companies and Allied Matters Act 1990. Corporate Affairs Commission. 2. Investments and Securities Act 2007 Securities and Exchange Commission. 3. Nigerian Investment Promotion Commission Act 1995? Nigerian Investment Promotion Commission 4. Foreign Exchange (Monitoring and […]

22 Jan

CORPORATE LAW PRACTICE WEEK 10 CORPORATE GOVERNANCE (1) (FRAMEWORK AND PRACTICES)

WEEK 10 CORPORATE GOVERNANCE 1. TOPIC: LEGAL FRAMEWORK, CONCEPTS AND INTERNATIONAL BEST PRACTICES IN CORPORATE GOVERNANCE. :: MEANING AND RELEVANCE OF CORPORATE GOVERNANCE: mechanism of internal and external control of the actions of organs of a company to promote integrity, transparency, ethical behaviour, etc.… for the ultimate benefit of the stakeholders. Caters for interplay of […]

22 Jan

CORPORATE LAW PRACTICE WEEK 12 CORPORATE GOVERNANCE (3): MEMBERSHIP, MEETINGS & RESOLUTIONS.

WEEK 12- CORPORATE GOVERNANCE (3): MEMBERSHIP, MEETINGS & RESOLUTIONS. :: IDENTIFY VARIOUS WAYS OF ACQUISITION OF MEMBERSHIP OF COMPANY. From Section 79 CAMA, members include; –Subscribers to the Memorandum of the company. who are automatic members and the Register of members should reflect. – Others who agree in writing to become a member: These include […]