Company Law : Legal Advice for Companies and Business Organisations in Nigeria

Company law consists of the statutes that, regulate the formation , corporate personality, structure, powers, contracts, acts, liability, shareholding, debentures, membership, meetings, directors, board of directors, regulatory compliance, secretaries, secretariat support, corporate governance, taxation, capital market transactions, mergers and acquisitions, takeover, receivership, winding up, lawsuits and disputes of companies.

The statute regulating the registration and running of business organisations and companies in Nigeria is the Companies and Allied Matters Act. Cap. C20 LFN 2004 which was promulgated into law on 2^nd January, 1990 as the Companies and Allied Matters Decree No. 1 of 1990 with 2^nd January 1990 as its commencement date. Unfortunately, due to logistic issues the commencement of the Decree (now known as Act) had to be changed to 31^st December 1990. The Decree was amended by the Companies and Allied Matters (Amendment) Decree No. 32 of 1990, No. 46 of 1991 and No. 40 of 1992 all of which are incorporated in Cap. C20. However, Part XVII of the Act regulating Companies Securities has been transferred to the Investments and Securities Act.

In as long as your company is running, you are bound to have disputes and issues with matters provided in the Companies and Allied Matters Act. In as long as your company wants to remain in business you will always get to the juncture, where it is risky and reckless not to seek legal advice before proceeding further or make a business decision or a financial commitment.

An investment of a considerable monetary value without legal value is a disaster waiting to happen. No business can stand the test of time without the regular audit of its credit value by competent Accountants and the regular audit of its legal value by competent Lawyers.

You may contact Akintunde Esan for legal illuminations or legal advice/opinion on formation , corporate personality, structure, powers, contracts, acts, liability, shareholding, debentures, membership, meetings, directors, board of directors, regulatory compliance, secretaries, secretariat support, corporate governance, taxation, capital market transactions, mergers and acquisitions, takeover, receivership, winding up, lawsuits , disputes of your company or any other company's legal issues, matters or disputes.

 

Akintunde Esan is an international acknowledged authority on Nigerian Jurisprudence. He is a Legal Consultant on commercial, corporate and property law matters and disputes. He is Managing Partner @ Ase Olodumare Chambers (Law Firm).