CONTENT: 

  1. Companies and Allied Matters Act, 1990 relating to formation of a company.
  2. Terminologies
  3. Memorandum of Association.

COMPANIES AND ALLIED MATTERS ACT, 1990 RELATING TO FORMATION OF A COMPANY.

Definition:

A company can be defined as a body corporate (i.e. an aggregation of persons or individuals), having a distinct legal personality by or under:

  • Companies and Allied Matters Act, 1990 relating to formation of a company
  • An enabling statute of government.

 

EVALUATION

  • State 5 purposes of having CAMA 1990 in place.
  • Evaluate the effectiveness of CAMA 1990 in fulfilling the above mentioned purposes.
  • Highlight the procedure of in incorporating a company in Nigeria.
  • State 4 conditions a person must fulfill before he/she is qualified to join in the formation of a company.

Terminologies (I) Memorandum of Association.

Meaning of Memorandum of Association

This  a document/constitution used to state/specify  the  object,  power  and the external relationship a company has with the  outside world (Public).

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