Category: Regulatory Compliance
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WHEN SHOULD YOU AMEND YOUR COMPANY’S MEMORANDUM AND ARTICLES OF ASSOCIATION (MEMART)? TRIGGERS YOU’RE LIKELY IGNORING
INTRODUCTION For many companies, the Memorandum and Articles of Association (“MEMART”) is drafted at incorporation and rarely revisited. Yet under the Companies and Allied Matters Act (CAMA) 2020, it remains the backbone of a company’s identity, governance, and operations. As businesses grow through capital raises, restructuring, or expansion, their MEMART must grow with them. An…
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CAN THE LAGOS STATE REAL ESTATE REGULATORY AUTHORITY (LASRERA) BE THE GAME-CHANGER IN RESOLVING REAL ESTATE DISPUTES IN LAGOS STATE?
INTRODUCTION Disputes arising from real estate transactions are quite common in Lagos State, as real estate is regarded as one of the major forms of investment. Most of these disputes involve developers who have failed to deliver properties to subscribers within the agreed-upon timeline, vendors who sell properties to multiple buyers, agents who defraud potential…
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Do You Require a Planning Permit to Embark on the Renovation of a Property in Lagos State?
Introduction: Many property owners or developers in Lagos State are unaware of the crucial legal difference between repair work and renovation work on a property. This common misunderstanding has unfortunately resulted in some property owners incurring substantial penalties from the Lagos State Government for commencing renovation works without the required permit. In this article, we…
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THREE REGULATORY RISKS TO BE AWARE OF UNDER THE COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020
Introduction: In Nigeria, registering a company with the Corporate Affairs Commission (“CAC”) is only the first step towards building a compliant business. With the CAC rigorously enforcing the provisions of the Companies and Allied Matters Act (CAMA) 2020 and the Corporate Affairs Commission Regulations 2021, companies must prioritise statutory reporting and disclosure obligations to avoid…
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Assessing The Compliance Of Relevant Organisations With The NDPR
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