Posts

Showing posts from June, 2020

INCORPORATION OF COMPANY IN NIGERIA

Image
To incorporate a company with the Corporate Affairs Commission you need to put the following into consideration inline with the Companies and Allied Matters Act cap C20 Laws of federation of the Federal Republic of Nigeria. Capacity of Individual to Form Company A person or group of individuals will lack capacity to form a company if such captured in any of the following: (a) he is less than 18 years of age; or (b) he is of unsound mind and has been so found by a court in Nigeria or elsewhere; or (c) he is an undischarged bankrupt; or (d) he is disqualified under sections 251(Restraint of Fraudulent Persons) and 252 (Prohibition of Persons Convicted of Fraudulent Offences from being Directors of Public Company) of this Act from being a director of a company. (2) A person shall not be disqualified under paragraph (a) of subsection (1) of this section, if two other persons not disqualified under that subsection have subscribed to the memorandum. (3) A corporate body