How 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.
Read MoreADOPTION IN RIVERS STATE
The joy and expectation of every couple is to have child or children as the case maybe but if nature or circumstance detects otherwise, there are other ways of getting around it. One of such ways is adoption of children. Adoption of children is one of the legal ways one can get a child. It
Read MoreCompany Compliance and work Ethics
What is Company or Corporate compliance and work ethics? Corporate compliance and ethics refer to the systems, policies, and practices that organizations put in place to ensure they operate within legal and ethical boundaries. It involves adhering to laws, regulations, industry standards, and internal policies, as well as promoting a culture of integrity and ethical
Read MoreDEFENSES TO CONTRACT ENFORCEMENT
Having known what a contract is and the elements of a valid contract together with types of contracts. In this post will discuss some defenses to contract. Defenses to enforcement of contract are legal arguments or reasons that a party may raise to avoid or limit their obligations under a contract. These defenses may render
Read MoreWHAT IS CONTRACT?
Contract is a fundamental aspect of civil law that governs the formation, interpretation, and enforcement of agreements between parties. In this blog we will discuss the types of Contract and components of contact agreement in Nigeria. Formation of Contracts: Contract formation involves the process of creating a legally binding agreement between two or more parties.
Read MoreHow to Change a Proprietor of an Enterprise in Nigeria
Business Name popularly known as ‘one man Business or Enterprise’ is the least, the easiest and the cheapest entity registration under our Company Law. The Company and Allied Matters Act regulates the registration of any form of Entity in Nigeria. The Government body saddled with the responsibility of such registrations in Nigeria is the Corporate
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