How to Change Persons with Significant Control (PSC) with CAC
Persons with Significant Control (PSC) are persons that owns at least 5% of the total share of a registered company. They have significant influence and control over the company They are shareholders of a company that owns 5% of the total shares, in other words once a shareholder owns 5% of the company shares, he
Read MoreHotel Business Post Incorporation registrations in Rivers State.
Once your hotel business is registered with CAC, you have crossed the first hurdle of registration, the next step is to do some local registration within Rivers State. I refer to the as Post Incorporation registrations. These registrations differ from state to state depending on the state you are operating from but for the purpose
Read MoreHow to obtain Police Character Certificate in Rivers State Nigeria
Police Character Certificate also known as Police Clearance Certificate (PCC) is usually gotten from the Nigerian Police Force (CID) department. In Rivers State, one can walk up to the State CID office in Moscow Road to apply for the Police Character Certificate. You can also go online to apply for the certificate. To obtain a
Read MoreHow to Register POS Business with CAC in Nigeria.
POS simply means Point of Sale. It is a device that is used to process transactions by retail customers. In Nigeria however it is not only used in shops alone but individuals use this device to do other businesses. The POS operators now use the device to do the following: withdrawal, transfer, airtime top-up, payment
Read MoreGrounds for Divorce in Nigeria
Introduction Divorce is a legal process that dissolves the marital union between two married couples. The marriage must be a marriage contracted under the Act (in a lay man’s language the court marriage). While divorce action can be instituted in the High Court, the customary marriages can be dissolved in a Customary court of the
Read MoreHow to Change Trustees of An Incorporated Trustee (IT) With CAC
An Incorporated Trustee popularly known as IT or an Association is a group of persons with common goals and interests who have come together to register their entity with the Corporate Affairs Commission. They are non-profit making organizations who solely caters for the welfare and organization of its members. Trustees are the people in the
Read MoreSOLE OWNERSHIP OF A LIMITED LIABILITY COMPANY
Questions has arisen severally if one person can own a company? Owning a company simply means if one person can be a shareholder of a company? I will answer the question in the affirmative. Before the coming of Companies and Allied Matters Act 2020, the CAMA stated that atleast 2 persons can be shareholders. With
Read MorePOST INCORPORATION MATTERS IN NIGERIA.
Post incorporation matters as the name implies are anything done to the status of a registered entity after its registration. Post incorporation takes effect 48 hours after registration of an entity. You must be an accredited agent with corporate Affairs Commission (CAC) for you to effect any change in the portal of any entity. Post
Read MoreAffidavit and its uses in Nigeria
In this blog we are going to explain what affidavit is and what it is not. I will educate us on different types of affidavits and what they are used for in our everyday activities. What is an Affidavit? It is a statement of fact stated and sworn to before a notary public or commission
Read MoreHow to Adopt a Child from an Orphanage and Challenges in Nigeria.
Adoption of children has come to stay in Nigeria. It is legal and most cultures in the country has embraced the process as a means of getting child/children for the childless couples. Before now, most adopted children were not recognized as a bonafide member of the family especially in the Eastern part of the country.
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