An Incorporated Trustees is the registered trustees of a Not-for-Profit Association. The objects of the Association must be religious, educational, literary, scientific, social, developmental, cultural, sporting or charitable. The Trustees are the legal representatives of the Association and can acquire property, sue and be sued in the name of the Association. The Trustees are subject to the directions of the Association and its Governing Council (if any).

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Do you own a grassroot football club in Nigeria? You should be registered with the CAC and has an official certificate in the name of your football club.

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What is the role of NGO in Nigeria?

In Nigeria there are several NGOs whose major roles are to alleviate poverty among the youths as well as people living in the rural areas whose activities have not been given utmost attention and the full support needed to sustain their activities through formidable policy frameworks and partnership with the government.

NGOs bring citizen concerns to the Government, monitor and advocate policies and encourage political participation through provision of information.

NGOs focus on numerous aspects that are indeed important to the citizens of a country.

Let's register your NGO today

HOW TO CLOSE A REGISTERED PARTNERSHIP IN NIGERIA

For a partnership to be dissolved i.e brought to an end, it can be in either of the following ways:

1. Act of partners i.e agreement of partners.

2. Operation of law such as expiration of term or death of a partner.

3. Dissolution by the court.

HOW DO I CLOSE AN INCORPORATED TRUSTEE

An incorporated trustee can be dissolved by the court after a petition for dissolution has been brought by either the governing body or
council, one or more trustees, members of the association constituting at least 50% of the total membership, and the Corporate Affairs
Commission.
According to Section 850 (2) of CAMA, an incorporated trustee can be dissolved on these grounds:

1. The aims and objects for which it was established have been fully realized and no useful purpose would be served by keeping the corporation alive.
2. The body corporate is formed to exist for a specified period, that period has expired and it doesn’t need to continue to exist.
3. All the aims and objects of the association have become illegal or otherwise contrary to public policy.
4. It is just and equitable in all the circumstances that the body corporate be dissolved; and
5. The certificate of registration of the association has been withdrawn, canceled, or revoked by CAC.

For dissolution of incorporated trustees to be effected, there must be a petition by the persons approved by the commission; a notice will be sent to those who will be affected by the intended dissolution. Also, after the satisfaction of debts and liabilities, all remaining properties shall not be shared amongst members but shall be transferred to another institution with objects similar to the object of the association.

South South Trans Line Limited® already registered and Incorporated with the Corporate Affairs Commission.

It will be a trail blazer in the transportation Industry in Nigeria.


More are underway.

Register your business today, Call/WhatsApp 07033097160.

HOW DO I CLOSE A COMPANY IN NIGERIA?

For a registered company to be closed in Nigeria, it can either be compulsory winding up by the court, members, or creditors’ voluntary winding up or winding up subject to the supervision of the court. For there to be a compulsory winding up by the court, certain grounds must be available for that to succeed. Some of the grounds are:

1. The court thinks that it is just and equitable that the company should be wound up.

2. The company is unable to pay its debts

3. Where there is default in delivering the statutory report to the commission or in holding the statutory meeting.

4. The company has by special resolution resolved that the company be wound up by the court.

5. The condition precedent to the operation of the company has ceased to exist, for instance, the object for which the company was formed
has been fulfilled.

For member’s voluntary winding, the members must declare solvency, that is to say, they have made a full inquiry into the affairs of the
company and have formed an opinion that within 12 months from the commencement of the winding up, the company will be able to pay its debts in full. Where the members neglect to do this, the creditors of the company will step in and petition for the winding up of the company.

We also have winding up subject to the supervision of the court. Here, upon application made by creditors, contributors, and others entitled under compulsory winding up, the court will step in and appoint someone (liquidator) to oversee the winding up of the company and distribute its assets. Where the affairs of a company have been fully wound up, the liquidator will make an application to the court for the dissolution of the company.

Prospect Hall Trans Line Limited® already registered and Incorporated with the Corporate Affairs Commission.

It will be a trail blazer in the Vehicle Importation business in Nigeria.


More are underway.

Register your business today, Call/WhatsApp 07033097160.

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Reasons for Cessation of NGO:

1. By Court order

2. Cancellation by the commission (CAC)

3. Death of proprietor or all the partners

4. Voluntary

If you would like us to undertake the whole process of registering your NGO in Nigeria and get your approved Certificate of registration or Incorporation to you,reach us by Call/WhatsApp on 07033097160.

Do you have trouble choosing an NGO name for your business? Let's get you an ideal names fit for your NGO activity or objectives..

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