#Obscurelegalfacts by Arome Abu

WHAT EVERY COMPANY MUST DO AFTER REGISTRATION WITH THE CAC & PENALTY FOR FAILING

In Nigeria, every company must after registration with the Corporate Affairs Commission, paint its name and Registration number on the outside of its business premises.

PENALTY FOR FAILING
Every director in the company shall be liable to a fine of N100 for every day which the Company name is not so kept.

The company is also liable to like fine.

See Section 548(1)(a) of the Companies and Allied Matters Act.

Arome Abu is the Principal Partner of TCLP.

CAVEAT: Note that this information is provided for general enlightenment purposes and is not intended to be any form of legal advice.

Obscure Legal Facts is an exclusive daily publication of THE COUNSEL L-P.
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