Minimum Share Capital for Companies in Nigeria
Below is a comprehensive list of the minimum share capital of Companies. Before you register that Limited Liability Company, it is advisable to check out this list to avoid double expenses. Minimum Share Capital is the least capital base of a company as required by the Law. The Share Capital of a company is the
Read MoreObtaining Police Clearance Certificate in Nigeria
In times like this, when many people are desirous of leaving the country because of economic hardship or in furtherance of their education or to seek greener pasture, there are many things required by law from them and one of such is obtaining a Police Clearance Certificate. In this article we are going to explain
Read MoreHow to Register an Incorporated Trustee with CAC in Nigeria
Registering an Incorporated Trustee with CAC in Nigeria is not much difference with other entities. Incorporated Trustees is provided for in the Companies and Allied Matters Act 2020 (CAMA). It is classified under PART C of CAMA and the sections that talked about it extensively is Sections 590-596. The CAMA defines Incorporated Trustees in Sec
Read MoreAnnual Returns Filing Fees for Entities in Nigeria
Once an entity is registered with the Corporate Affairs Commission after 18 months such an entity is expected to start paying her Annual Returns. We have received calls and mails over the fees for each entity known in the Nigerian Company Law, hence this write-up For a Business Name (Enterprise), the Annual Returns fee is
Read MoreHow to update your Memorandum and Article of Association
A Memorandum of Association is a legal statement signed by all the initial shareholders while the Article of Association is a written rules about the company agreed by the shareholders. In registering a company in Nigeria, theses 2 document are part of the documents that forms document of incorporation. Before this time, the Memorandum and
Read MoreGuidelines to Business and Company Registration in Nigeria.
Registering a company in Nigeria was once a tedious and stressful process. The federal body responsible for the registration of companies and businesses in Nigeria is Corporate Affairs Commission (CAC). Before now the registration of company was done manually and you must be present in their offices to start and complete the process. The process
Read MoreProcedure for Winding-Up a Company in Nigeria
Winding a company in Nigeria is an important decision that involves a structured legal process known as ‘winding up’. The Companies and Allied Matters Act (CAMA) 2020 and Insolvency Regulations 2022 govern the procedure for winding up a company. The government agency in charge of the winding-up process is the Corporate Affairs Commission (CAC), since
Read MoreDivorce Petition in Nigeria (How to Respond)
Any person who has been served with a divorce in Nigeria may respond to the Petition by filing an answer or defence in a prescribed form. First of all, it is essential for filing purposes to state that a person who institutes a divorce petition for dissolution of marriage because the marriage has broken down
Read MoreHow to Upgrade your Business Name to a Limited Liability Company
Every individual starting up a business will always want to start off the business in a legitimate and legalized way and so most people opt for Business Name registration (Enterprise) because it’s cheap . As time goes on and as they progress in business, such fellow discovers that Business Name also known as One-man-business has
Read MoreTitle Documents in Nigeria
Are you planning to buy land or building?? Then this is for you buying a land or building is a great investment, but you need to be enlightened on the different LAND DOCUMENTS & LAND TITLE. This will enable you to make a seasoned decision in your choice of land and building to go for.
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