By Nnamdi Oragwu, Sharon Juwah and Onyinye Odita Introduction Logistics business has long been in existence. However, the outbreak of COVID-19 and the stay-at-home lockdown order prompted an increased need for the logistics industry, thereby making it more lucrative and it can be said to be one of the most profitable businesses in Nigeria today. …
More →Whilst trustees of non-governmental organisations, associations, initiatives, foundations and religious bodies amongst others; previously registered prior to the passing of the new Act, where registered under Part C of the CAMA, 1990; upon the gazetting of the CAMA 2020, new trustees will henceforth be registered under Part F of CAMA 2020. This does not invalidate …
More →The Corporate Affairs Commission (the Commission/CAC) vide the Registrar-General’s office on March 4, 2022, gave a directive that schools, academies and similar institutions of learning should no longer be approved or registered as Business Names because an institution is essentially a body corporate with perpetual succession, capable of contracting and (subject to such restrictions as …
More →The Corporate Affairs Commission (the Commission) on August 31, 2021, released a circular notifying the public that it had commenced the registration of Limited Liability Partnerships (LLPs) and Limited Partnerships (LPs). The Commission therefore deployed the registration interface for LLPs and LPs on the Company Registration Portal (CRP) and advised members of the public to …
More →The Corporate Affairs Commission (the Commission/CAC) vide its publication dated April 16, 2021, granted an extension period for existing companies to issue all of their unissued share capital in compliance with Section 124 of the Companies and Allied Matters Act 2020 (CAMA) latest by 31st December 2022. By Section 868 (Interpretation section) of CAMA 2020, …
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