Post Incorporation Matters

Question 1

P l M

Answer 1

They involve events and activities after incorporation. 2 . They also involve things that are necessary to be done immediately after incorporation before the commencement of business.

Question 2

2 Major Preliminary Matters imposed by law b4 running a biz

Answer 2

1a. Publication of Name. 1b. Display of Statement of Affairs. 2. Keep of Statutory Books.

Question 3

Publication

Answer 3

Publication on on Name Plate and RC.No. 2 Publication on the common Seal 3. Publication of name and RC No on official documents and bill of exchange.

Question 4

Statutory Books are

Question 5

Register of Members

Answer 5

Applies to Public only.2 Shall be done with 28 days of registration or becoming or ceasing to a member.Sec 109 cama

Question 6

Register of index members

Answer 6

Exceed 50 members, Public companies, alphabetically arranged, sufficient information on how and where to find a member.

Question 7

REGISTRATION oF Substantial Interest

Answer 7

For Public ,5% of unrestricted voting right at any general meeting, 14 day’s notice once you become aware of having such interest.

Question 8

REG of charges

Answer 8

Both private and public, it includes amounts charged and the names of the persons entitled.

Question 9

Reg of Debenture holders S218

Answer 9

Private and public Ltd and unlimited. The named of the D holders , particulars and details terms of issue within 30 days .

Question 10

Minutes of the meeting

Answer 10

To be available within 6 hours per one business day to members without charge but copy for #100

Question 11

Register of Directors

Answer 11

Within 14 days the company must notify the CAC of appointment or ceasing

Question 12

Procedure for Alteration of Memo Section 49

Answer 12

Section 50, it can only be altered subject to provision of Cama.

Question 13

Change of name Section 50(1) and Section 30

Question 14

Alterations of objects Section 50(2) and 51

Question 15

Alterations of Share Capital Section 50 (4) and 128 -130

Question 16

Alterations of Articles Section 5

Answer 16

Apart from Article all other alterations re done in the same way as change of object. All Alterations are by special Resolution,,for one man business it is olny be ordinary written resolution.

Question 17

Alterations of Name Sections 30 and 50

Answer 17

The name of a company shall not be altered except with the consent of CAC. It may be voluntary or by CAC ( 6 weeks)

Question 18

Alterations of address

Answer 18

Coy resolution approving it. 2. Filled Form CAC 3- . By ordinary resolution l

Question 19

Alterations of Power Clause

Answer 19

Same procedure with change of object

Question 20

Alteration of Status clause ( private to public) and Liability clause

Question 21

Re-registration of private coy Ltd by shares to public Ltd by shares

Question 22

Procedure for Change of Name

Answer 22

1. Resolutions of the Bod with suggestions of new names 2. Availability and reservation check 3. Secretary issues notice of 21 day for GM. 4. Special resolution at GM. 5. Alterations in the memo and articles. 6 applications to CAC with form CAC-3 with original certificate of incorporation, updated annual returns, stamped memo and article altered,payment of filing, statement of affairs ( banks )

Question 23

Alteration of object Section 51

Answer 23

1.Resolution by Bod. 2. 21 day’s notice ( member nd (debenture holders).3. Special resolution at the GM. Minority Objection (28 days ) ( Court may confirm, wholly or partly), cancel, order arrangements for their shares to be bought, or make any necessary orders. Where there is no objection the coy within 15days after 28 days must apply for the alteration or after court decision. If Cac rejects the application coy has 21days to appeal to court if hit a decision then notify in writing within 14?days .