Corporate Law

TABLE OF CONTENTS

Chapter One:  Nature of Company

1.1  Definition  of  a Company

1.2  The Essential Characteristics of a Company

1.3  Separate Legal Personality and the Veil of Incorporation

1.4  Civil and Criminal Liability of a Company

1.5  Sources of Nigerian Company Law

 

Chapter Two: Types of  Companies and  Other  Trading Entities

2.1           Private and Public Companies

2.2          Companies Limited by Shares and Guarantee

2.3          Holding and Subsidiary Companies and Undertakings

2.4          Limited and Unlimited Companies

2.5          Comparison  of Companies with SO.leTraders and Partnerships

2.6          Voluntary and Charitable Bodies

 

Chapter Three: Company Formation

3.1          Capacity to Incorporate  a Company

3.2          Registration Procedure

3.3          Commencement  of Business and the Regulatory Environment

3.4          Promotion  of a Company

3.5          The Company Promoter

3.6          Duties Owed by a Promoter  and Remedies for Breach

3.7          Enforcement  and Liability of Pre-Incorporation   Contracts

 

Chapter Four:  Constitution of  a Company

4.1  Memorandum  of Association

4.2  Articles of Association

4.3  The Legal Effect of  the Memorandum  and Articles of Association

4.4  Alteration  and Limits to Alteration  of Articles

 

Chapter Five: Corporate Transaction and  Decision-Making

5.1          Corporate  Capacity and the Doctrine  of  Ultra Vires and Constructive    Notice

5.2          Powers of  Directors  and Other Employees to Bind the Company

5.3          The Rule in Turquand’s  Case

5.4          The Common  Seal

5.5          Types of Meetings and Resolutions

 

Chapter  Six: Share   Capital

6.1   Nature   of  Share  Capital

6.2   Definition   of  Shares

6.3   Types  of  Shares

6.4   Class Rights  and  Variation  of  Rights

6.5   Issuing  of  and Payment   for Shares

6.6   Capital  Maintenance    Rule: Purpose   and Exceptions    to the  Rule

6.7   Purchase   of  Own  Shares

6.8   Loss  of  Capital

6.9   Distribution    of  Profits

6.10 Concept   of  Membership

6.11 Public  Offer  of  Shares

6.12 Prospectus

 

Chapter Seven: Loan  Capital

7.1  The Power to Borrow

7.2  Debenture

7.3  Fixed and Floating Charges

 

 Chapter Eight:  Directors and  Other  Officers of the  Company

8.1  Directors

8.2  The Company Secretary

8.3  The External Auditor

 

Chapter Nine:  Shareholders’ Remedies

9.1  The Position of Minority Shareholders within the Company

9.2  Statutory Shareholders’  Remedies

 

Chapter Ten:  Companies in Difficulty

10.1 Reconstruction,  Scheme of Arrangements  and Takeovers

10.2 Compulsory Acquisition of Shares of Dissenting Shareholders (Section 146 of

ISA 2007)

10.3 Insolvency and Winding Up: The Role of the Liquidator

10.4 Winding Up Proceedings  Under Nigerian Law

10.5 Alternatives to Winding Up: Receivership and Receiver Managers

 

Appendices

(A)  FEES PAYABLE UNDER  PART A OF CAMA

(B) FEES PAYABLE UNDER  PART B OF CAMA

(C)  FEE  PAYABLE UNDER  PART C OF CAMA

(D)  GLOSSARY OF FORMS UNDER  PART A

(E)  GLOSSARY OF FORMS UNDER  PART B

(F)   GLOSSARY OF FORMS  UNDER  PART C

Post Author: vicoma