Ever thought of having group of companies? in this edition we shall be providing you,with the requirement for opening a group of companies in Nigeria.
before you open a group of companies in Nigeria,you must comply with the following:
Write a letter of CONSENT to THE COMMISSION TO USE THE WORD “GROUP” IN THE NAME
OF A COMPANY (S. 30 (2)(d), CAMA)
a) Obtain and Fill a Duly completed application form.
b) You must show Evidence of not less than 3 associate companies to form the “Group”
c) You must show Evidence of common membership of the associate companies.
d) Statement by majority of the Directors of the proposed “Group”. company
that the share capital of the company shall not be less than the highest
share capital amongst the associate companies.
e) Updated annual returns of associate companies.
f) Updated section 553, CAMA filing where applicable.
Your Consent letter should state the names of companies to be part of the group.
Em**************************@gm***.com for more update.