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A person shall not be disqualified under subsection (1) (a), if two other persons not disqualified under that subsection have subscribed to the memorandum.
A corporate body in liquidation shall not join in the formation of a company under this Act.

Subject to the provisions of any enactment regulating the rights and capacity of aliens to undertake or participate in trade or business, an alien or a foreign company may join in forming a company.

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CONCLUSION

Business name registration is indeed a convenient and fastest means of setting up a small business in Nigeria. The procedure for how to register a business name is less tasking compared to the procedure for a company registration in Nigeria. The advantages of registering a business name include simplicity in registration, and affordability, as there is no need to pay stamp duty.

A lawyer may also be hired to carry out the registration, especially where the business involves more than one proprietor and a partnership deed stipulating the agreements between partners or proprietors required to be drafted and duly filed with the CAC.

What's the difference between business name registration and company registration ?

Get your Tax Identification Number and Clearance certificate from us today.

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We also undertake the rigorous process of your CAC post registration services such as Annual returns, change or correction of name, change of address, change of directors, change of nature of business etc

Business name registration is indeed a convenient and fastest means of setting up a small business in Nigeria. The procedure for how to register a business name is less tasking compared to the procedure for a company registration in Nigeria. The advantages of registering a business name include simplicity in registration, and affordability, as there is no need to pay stamp duty.

Let's register your business name today. Give it to trusted hands. We deliver in real time.

Registration of Private Limited Company In Nigeria

The Corporate Affairs Commission (CAC) was established by the Companies and Allied Matters Act, which was promulgated in the year 1990 to regulate the formation and management of companies in Nigeria. The CAC is saddled with the responsibility of registering companies in Nigeria. It is a must for company formation in Nigeria if you want to run a legal business here.

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Do you know 574(1) CAMA makes it mandatory for every firm, individual or corporation required to be registered under Part B, to be registered within Twenty-Eight (28) days from the date of the commencement of the business for which registration is required.

It is important to note that the requirements for registration of an enterprise differ from that of a limited liability company.

Appointment of Secretary

(1) Except in the case of a small company, every company shall have a secretary.

(2) Where at the commencement of this Act a public company has not appointed a secretary, the company shall not later than six months after the commencement of this Act appoint a secretary.

(3) Anything required or authorised to be done by or of the secretary may, if the office is vacant or there is for any other reason no secretary capable of acting, be done by or of any assistant or deputy secretary or, if
there is no assistant or deputy secretary capable of acting, by or of any officer of the company authorised generally or specially by the directors.

(4) If a public company contravenes the provisions of this section, the company and the directors of the company are liable to a fine in such amount
as the Commission shall specify and, in the case of continued contravention, to a daily penalty in such amount as the Commission shall specify.

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We are known for timely delivery. Register your business today.

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We are open for business. Register your business today with CAC and become a legal entity.

REGISTRATION OF COMPANIES

(1) The memorandum of association shall be delivered to the Commission together with an application for registration of the company, the documents required by this section and a statement of compliance.

(2) The application for registration shall state—

(a) the company’s proposed name ;
(b) the registered office address and head office address if different from the registered office address ;
(c) whether the liability of the members of the company is to be limited and, if so, whether it is to be limited by shares or by guarantee ; and
(d) whether the company is to be a private or a public company.

(3) If the application is delivered by a person as agent for the subscribers to the memorandum of association, it shall state the name and address of that agent.

(4) The application shall contain—

(a) in the case of a company that has a share capital, a statement of initial issued share capital and initial shareholdings ;
(b) in the case of a company that is limited by guarantee, a statement of guarantee ;
(c) a statement of the company’s proposed directors ;
(d) a statement of the proposed registered office of the company ; and
(e) a copy of the proposed articles of association to the extent that these are not supplied by the default application of model articles.

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Business Registration (Cpraxis Consult)

Business Names:
1. Name Reservation
2. Name Reservation for Restricted words
3. Business Name Registration and Certified True Copy of Registration
4. Change of Name
5. Annual Returns and other Post registration and miscellaneous filings
6. Status Report/Letter of Good Standing


To be continued.......

7. Voluntary Striking -off
8. Same day Post Incorporation filing
9. Relisting
10. Restriction of Proprietor's/Partner's Residential Address
11. Certified True Copy of documents/extract
12. Application for Cessation

We undertake the rigorous process of registering your businesses and granting it a legal status with enormous benefits. Now, you can refocus on other critical areas of your business knowing well your registration process is carried out by credible and capable hands. We are credible, trustworthy and delivers on time.

What benefits do I enjoy for incorporating a company?

A: Ability to open a Corporate Accounts, Customers/Clients take you more serious if your Company is registered, Banks only grant business loans to registered businesses, Your Company becomes your brand, Investors are more comfortable with a registered business etc.

Capacity of an Individual to form a Company in Nigeria

No. 3 Companies and Allied Matters Act, 2020
20.—(1) Subject to subsection (2), an individual shall not join in the formation of a company under this Act if he is—
(a) less than 18 years of age ;
(b) of unsound mind and has been so found by a court in Nigeria or elsewhere ;
(c) an undischarged bankrupt ; or
(d) disqualified under sections 281 and 283 of this Act from being a director of a company.

(2) A person shall not be disqualified under subsection (1) (a), if two other persons not disqualified under that subsection have subscribed to the memorandum.
(3) A corporate body in liquidation shall not join in the formation of a company under this Act.
(4) Subject to the provisions of any enactment regulating the rights and capacity of aliens to undertake or participate in trade or business, an alien or a foreign company may join in forming a company.

There are many people out there who seek help which the Government cannot necessarily provide due to poor administration and the NGOs exist to ensure such help is provided to such distressed citizens. Hence, the importance of NGO cannot be over emphasized in our society today.

Register one today and involve in a meaningful project that benefit humanity.

In the case of notice of an annual general meeting, a statement that the purpose is to transact the ordinary business of an annual general meeting is deemed to be a sufficient specification that the business is for the declaration of dividends, presentation of the financial statements, reports of the directors and auditors, the election of directors in the place of those retiring, fixing of the remuneration of the auditors, and, if the requirements of sections 409 and 410 of
this Act are complied with, the removal and election of auditors and directors.

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

Open for business. Register your business today and achieve legal right to own a business in Nigeria.

An error or omission in a notice with respect to the place, date, time or general nature of the business of a meeting shall not invalidate the meeting, unless the officer of the company responsible for the error or omission acted in bad faith or failed to exercise care and diligence provided that in the case of accidental error or omission, the officer responsible shall effect the necessary correction either before or during the meeting.

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Open for business

Register your business today

We are Chartered CAC Accredited Agents. We are into registration of your Business Name, Company (Private Limited Company and Public
Limited Company), Incorporated Trustee as Foundation, NGO, CLUB, Association, Churches, Mosque etc, with CAC. We also undertake the rigorous process of your CAC post registration services such as Annual returns, change or correction of name, change of address, change of directors, change of nature of business etc