THIS CONTAINS A COMPREHENSIVE AND COMPLETE COMPANY LAW NOTE, SUITABLE FOR LAW TEACHERS, LEGAL PRACTITIONERS, STUDENTS (BOTH AT UNDERGRADUATE AND LAW SCHOOL) AND THE GENERAL PUBLIC.
COURSE OUTLINE
CORPORATE AFFAIRS COMMISSION (CAC)
FORMATION OF A COMPANY
• Taking instructions from the client.
• Preparation of the incorporation documents.
• Filing and Registration at the CAC.
• Effect of Incorporation.
ALIEN PARTICIPATION IN BUSINESS
• Right of foreigners to do business in Nigeria.
• Procedure for alien participation.
• Permits and Approvals for alien participation.
RELIEFS AND INCENTIVES FOR DOING BUSINESS IN NIGERIA
ALTERATION OF MEMORANDUM AND ARTICLES OF ASSOCIATION.
CONVERSION AND RE-REGISTRATION OF COMPANIES.
PRELIMINARY MATTERS BEFORE COMMENCEMENT OF BUSINESS.
• Promoters
• Nature of Company Contracts.
• Pre-incorporation Contracts.
DIRECTORS
SECRETARY
MEMBERSHIP OF A COMPANY.
MEETINGS AND PROCEEDINGS OF A COMPANY.
QUORUM FOR MEETINGS.
RESOLUTIONS
• Ordinary
• Special
MAJORITY RULE AND MINORITY PROTECTION
COMPANY SECURITIES
• Shares
• Debentures (loans)
PUBLIC ISSUE OF SECURITIES
FINANCIAL STATEMENT AND AUDIT
ANNUAL RETURN
UNIT TRUST
RECONSTRUCTION AND AMALGAMATION OF COMPANIES
• Arrangement on Sale of Company’s Property – Section 538 of CAMA
• Arrangement and Compromise – Sections 539 – 540 of CAMA.
• Merger.
• Take Over.
WINDING UP
PART B
PARTNERSHIP AND REGISTRATION OF BUSINESS NAME
PART C
INCORPORATED TRUSTEES
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