₦airaland Forum

The following are documents you need to deliver to the Registrar before your proposed company would be registered by CAC.
1. The memorandum and article of association duly signed by the subscribers, attested by a witness, and stamped by FIRS.
The memorandum shall be stamped as a deed, and the article shall bear the same stamp duty as if they were contained in a deed. The stamp duty payable on the memorandum and article is N8500, for the 1st 1,000,000.00 shares, and N7,500 for subsequent millions. ( Form Co2 is inclusive in the stamping)
2. Notice of situation/change of Registered Address ( Form CAC 3). The memorandum must state that the registered office of the company shall be in Nigeria, while the street No. and address of the company would be elaborately stated in Form Co3.
3. Statement of share capital and return of allotment of shares ( Form CAC 2). The amount of authorised capital must not be less than N10,000.00 in the case of a private company, and N500,000.00 in the case of a public company.
4. Particulars of Directors or any change therein ( Form CAC 7)
5. Declaration of compliance with the requirement of CAMA ( Form CAC 4).
6.Reservation and availability of Name (Form CAC1) . CAC would issue a print out showing that the proposed name of the company has been reserved for 60 days. The print out is what would be submitted to the Registrar .
7. Photocopy of the CAC accreditation card of the lawyer incorporating the company.
8. Print out of Assessment and Verification of the company by CAC
9. Means of identification of the directors. It is either a copy of their Drivers license, int'l passport or National I.d card or Voters card.
10. Copy of the Form CO2 and CO7 as stated above, which would be used for CTC of the original documents.
11. Any other document that may be required by CAC pursuant to law relating to the formation of a company.
In the case of company limited by Guarantee, the consent of the Attorney- General of the Federation is required.
Call 07069279374 for further consultation.

1. There must be a board meeting whereby a resolution will be passed to alter the article.
2. A notice of 21 days notice must be given to the members accompanied with the said special resolution.
3. The company must convene a general meeting and pass a special resolution to alter the article.
4. The company must ensure that the alteration does not go contrary to the provisions of the memorandum of association.
5. The next step would be the delivery of the printed copy of the article and printed copy of the resolution to Corporate Affairs commission within 15 days of passing the resolution.
6. Evidence of payment of Annual return must be made available at the commission and it must be up to date.
Note: CAC do not attend to post incorporation issues of a company where the payment of their Annual returns is not up to date.
7. The company would be required to annex the resolution to every copy of the article issued after the passing of the resolution.
SUBJECT MATTERS OF AN ARTICLE OF ASSOCIATION.
1.Meetings of the company.
2. Notice of meetings
3. Quorum of meetings
4. Who to chairman the meeting
5. Voting at meetings
6. Directors of the company.
7. Appointment of Directors
8. Filling of causal vacancy in the post of a Director.
9. Share qualification of Directors.
10. Tenure of the office of a Director.
call 07069279374 for further inquiry.

Securities and Exchange comm. is the regulatory authority that ensure compliance by capital market operators, and these guideline on New Minimum share capital was made effective from April 23, 2007.
1. Issuing House- N2 Billion.
2 Broker/ Dealer- N1 Billiion.
3. Trustees- N40 Million.
4. Fund/portfolio managers- N500 Million.
5. Corporate investment Advisors- N5 Million
6. Registrars- N500 Million.
7. Rating Agency- N20 Million.
8. Consultant Corporate- N5 Billion.
9. Capital Trade point- N20 Million.
10. Market Makers- N 2 Billion.
Guideline on requirements for Registration of private security companies was made pursuant to Nigeria Security and Civil Defence Corps Act No.2 of 2003.
Private security Guards companies/Consultants- N10 Million.
Nigerian Tourism Development Corporation.
Travel and Tours- No minimum share capital.
CBN Regulation.
1. Air transport(Regional)- N1 Billion.
2. Air transport( Local)- N500 Million.
3. Banks- N25 Billion.
4. Micro-finance Banks- N20 Million.
5 primary mortgage institution- N100 Million.
6 Bureau de change- N10 Million
Call 07069279374 for further consultation.

COMPULSORY CHANGE OF NAME
1. Where a company is registered with a name which is identical with a name of a registered company or so nearly resemble with that name as to be calculated to deceive, the new company may change such name with the approval of the commission and if the so directs within 6 months of the registration of the company the company must change its name within 6 weeks from the date of the direction or any extension of time granted by the commission.
2. When a name of company is discovered to conflict with an existing trade mark or business name the commission may compel that the name be changed unless there is evidence the owner or the trade mark or business name gave approval to the use of the name.

A registered company may change its name Voluntarily or upon direction of CAC.
VOLUNTARY CHANGE OF NAME:
A company may by special resolution and written approval of the commission change its name. The directors of the company must pass a resolution authorising the change of name and directing the secretary to take steps to change the name.
The 1st step will be a search for availability of the new name and if available seek reservation of the name.
There must be a general meeting of the company and at the meeting a special resolution must be passed to change the name.
After the passing of the resolution the following documents must be delivered to the Commission
(a) A notice of the special resolution
(b) the original certificate of the incorporation of the company.
(c) memorandum and article of association altered to reflect change of name.
(d) a letter to the commission requesting its approval to the change of name.
For more info call 07069279374. Cheers

You are welcome bro...

@kagari, Federal Min. Of culture and tourism @ Area 10 Abuja,seems to be the appropriate destination where u are supposed to be beaming ur search lite with respect to ur incorporation issues. Reason being that incorporation is an exclusive list item and the state ministries don't ve Jurisdiction to issue approvals for it.
If its ok by u, I can make all d necessary inquiries for you, cos am based here in Abuja.
Cheers.

Trademark is used to protect word, symbol, device or name that is used in commerce. The purpose od a trademark is to distinguish the product of one source, such as a company, from those of another. Although an individual can trademark something, they are usually applied for by businesses or legal entities.
One common reason that a company might trademark a word or symbol is to prevent other companies from selling a comparable product using a very similar word or symbol as a brand. A trademark does not however prevent other people or businesses from producing the same product or services under the mark.

WHY PROTECT INVENTIONS BY PATENTS?
Patent provide incentives to individuals by offering them recognition for their creativity and material reward for their marketable inventions. These incentives encourage innovations which assures that the quality of human life is continuously enhanced.
Furthermore, patent owners are obliged in return for patent protection, to publicly disclose information on their invention.

ABSOLUTELY PROHIBITED NAMES.
1. A name which is identical or so nearly resembles the name of a registered company.
2. A name which contains the word " chamber of commerce" unless it is a company limited by Guarantee.
3. A name which in the opinion of the commission is misleading as to the nature or extent of its activities, or is undesirable, offensive, or otherwise contrary to public policy.
4. A name that violates a trademark or business name
CONDITIONALLY PROHIBITED NAMES.
The permission of the commission is required before a company can be registered with a name which include the word "Federal", "National", "Regional", "State", " Government", " Municipal", "Chattered", or any other name that contains the word " co-operative"," Building Society" or "Holding or any word that may suggest Government patronage.

The following are filing requirements for a trademark in Nigeria.
1. Full name, street Address, and description of the applicant( including trade style, if any and state/country of incorporation, if incorporated).
2. List of Goods and /or services ,
3. A simple signed power of Attorney,
4. 15 prints of the mark sought to be registered.
NOTE:
DURATION OF THE TRADEMARK: A trademark lasts for 7 years from the filing date and shbject to renewal for further period of 14 years.
USE: if not used for a continuous period of 5 years, a mark may be removed from the register.
And Assignments and Licenses of application is permissible.
For further consultation, call 07069279374.

First and foremost, an application for a patent must be made to the Registrar of patent and copyright. A search must be carried out to ensure that the product has not already been patented. The importance od a search is to avoid a possible legal backlash ie whereby an existing patent right is not issued a second time. The fact that something similar to the product is in the market is not an indication that it or something similar hasn't already acquired a patent right.
After the search has been completed, the inventor is free to ahead and proceed with the registration.
An application can then be made to the Registrar and must contain the following,
1. The applicants full name and address, if applicant is outside Nigeria, then a service then a service address will be admissible.
2. The description of the relevant invention along with plans and drawings.
3. A claim that defines the particualr protection or rights soughtby the applicant.
4. Such other matter as may be prescribed depending on the facts of the application.
For more info, call 07069279374

@ speedyboi, he typed NICON HILTON not LUXURY. U r d one getting d facts wrong. Cheers.

To be in control and take effective management of a company a promoter of a company may:
1. Take majority shares in the company,
2. Take different type of shares ie , preference shares to have more votes and special rights,
3. Be appointed as a life director,
4. Secure power to appoint and dismiss directors,
5. Be in custody of common seal and countersign any document to which the common seal is affixed,
6. Be signatory to all the document of the company,
7. Secure a pre-emptive right.

Kind of companies Registrable under the Companies and Allied matters Act( CAMA)
A registered company may be
1. A company limited by shares
2. A company limited by Guarantee
3. An unlimited company.
Any of the above companies maybe be;
- a private company or
- a public company.
Companies limited by shares are companies having the liability of its members limited by the memorandum to the amount of shares that has been assigned to each individual members of the company.
Companies limited by Guarantee is a company in which the liability of its members is limited to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up. It is usually formed for the promotion of commerce, art, science, religion, etc.
Unlimited companies is a company not having limit on the liability of its members.
On the otherhand, a Private company is one which is stated in its memorandum to be a private company
While a public company is any company other than a private company, and its memorandum shall state that its a public company.
For more info call 07069279374.

@ kopell, am so grateful for this information . Thank you.

A friend of mine wants to purchase a land, and the challenge is how to ensure that the land is authentic. Pls your advice would be highly appreciated. Thank you and best regards.

Call us on 07069279374 for effective service delivery.

A candid advice to landlords and potential landlords, avoid oral tenancy or lease like a plague. Most landlords would rather hand out a receipt of payment of rent, without taking into consideration the need to execute a lease agreement that would establish all facets of a lease contract. Oral tenancy is rather too difficult to establish during a property repossession proceedings, because all the elements of a valid lease has to be proved, and your case stand or falls based on the strength of your evidence.

Property owners should endeavour to solicit the services of a lawyer when it comes to drafting a lease/tenancy agreements. The merits outweighs the demerits particularly on issues regarding incorporating quit notice into the agreement, as well as inserting a rent review clause especially,for a lease exceeding a tenure of 3 years . The reason for the latter statement is predicated on the tumbling world economy which has left our inflation rate on a constant state of increase.
But on the contrary, what we see is a situation whereby landlords relegate the service of lawyer to the background while paying attention to other professionals who wouldn't be around when the chips are down.

Call us today for effective debt recovery and property repossession services.

SERVICE OF STATUTORY NOTICES
There are two notices that are required to be served on the tenant before an action for recovery can be validly commenced. These notices are
1. Notice to quit
2 notice of owner's intention to recover possession.
The service of these notices have been held to be a condition precedent for the commencement of action for recovery.

Our debt recovery services includes
. creating an excellent service oriented strategy geared towards helping you or your company recover debt
. we proffer advice on all conceivable enforcement procedure.
. we estimate the cost of pursuing recovery of debt as against the value of the debt.
. and we also conduct investigation into the reason for the debt and seek to resolve any dispute thereto.

we have three main debt recovery proposition to offer,
1.A high value debt recovery services with dedicated solicitors personally leading your claim
2. A cost-effective volume service conducted by litigation experts
3. A well harmonised Alternative Dispute Resolution (ADR) experts saddled with the responsibility of investigating and resolving all financial disputes without resorting to the traditional litigation processes

DEBT COLLECTION
The following are three stages to a more efficient and cost effective handling of debts
a. Act quickly
b. start court action/draft and file a petition to the relevant government agencies eg, EFCC,POLICE ETC
C. Then enforce court judgments.
PROPERTY REPOSSESSION.
The following are three steps to take back control of your property
a. serve all the relevant notices( they are condition precedents to litigation )
b. Get an order for possession
c. Secure an eviction

GET STARTED TODAY! CALL US ON 07069279374 OR SIMPLY E-MAIL YOUR STATEMENT OF RENT ARREARS AND A COPY OF THE LEASE/TENANCY AGREEMENT TO Chika.chike86@gmail.com

Call us today for effective service delivery.

SERVICE OF STATUTORY NOTICES
There are two notices that are required to be served on the tenant before an action for recovery can be validly commenced. These notices are
1. Notice to quit
2 notice of owner's intention to recover possession.
The service of these notices have been held to be a condition precedent for the commencement of action for recovery.

3. Foreign government -owned companies engaged solely in export promotion activities and;
4. Engineering consultants and technical experts on any individual specialist project under contract with any of the government in the Federation or any of their agencies or with any other body or person, where such contract has been approved by the Federal Government of Nigeria.

FOREIGN COMPANIES EXEMPTED FROM REGISTRATION.
A foreign company maybe exempted from registration if it belongs to one of the following categories.
1. foreign company invited to Nigeria by or with the approval of the federal government to executed any specified individual project.
2. foreign company which are in Nigeria for the execution of specified individual loan project on behalf of a donor country or an international organization.

Our debt recovery services includes
. creating an excellent service oriented strategy geared towards helping you or your company recover debt
. we proffer advice on all conceivable enforcement procedure.
. we estimate the cost of pursuing recovery of debt as against the value of the debt.
. and we also conduct investigation into the reason for the debt and seek to resolve any dispute thereto.

we have three main debt recovery proposition to offer,
1.A high value debt recovery services with dedicated solicitors personally leading your claim
2. A cost-effective volume service conducted by litigation experts
3. A well harmonised Alternative Dispute Resolution (ADR) experts saddled with the responsibility of investigating and resolving all financial disputes without resorting to the traditional litigation processes

DEBT COLLECTION
The following are three stages to a more efficient and cost effective handling of debts
a. Act quickly
b. start court action/draft and file a petition to the relevant government agencies eg, EFCC,POLICE ETC
C. Then enforce court judgments.
PROPERTY REPOSSESSION.
The following are three steps to take back control of your property
a. serve all the relevant notices( they are condition precedents to litigation )
b. Get an order for possession
c. Secure an eviction

GET STARTED TODAY! CALL US ON 07069279374 OR SIMPLY E-MAIL YOUR STATEMENT OF RENT ARREARS AND A COPY OF THE LEASE/TENANCY AGREEMENT TO Chika.chike86@gmail.com

Call me today for effective service delivery.

Call us today for the recovery of your premises that has been held over by your tenant and we'll be glad to be at your service. The number to call still remains, 07069279374. Thank you and best wishes