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Lammy Ashafa

Can I register a company/name that I can use for any business, contract etc?

Company IncorporationAsked - Apr 21 2018, 10:20 AM

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Reply by Adegoke Akanbi (Lawyer)

Well, the general answer is no, and I will explain why. A company is required by the Companies and Allied Matters Act (CAMA) to have memorandum and articles of association. In the memorandum, you must include the object clause - that is, the business the company wants to do. Now, while it is possible to add a lot of businesses to this list, you cannot state for example that the company would be engaged in construction business, banking business, schools and any other businesses as the owners may deem fit. You would notice that these businesses do not complement one another. So, I doubt if the Company Registrar at CAC would accept this kind of business summary. So the answer, in my view, is no.

Posted - Apr 26 2018, 12:04 PM

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