CORPORATE SECRETARIAL FIRM IN LAGOS NIGERIA
Company secretarial services in Nigeria involve the administration of a company with regards to ensuring compliance with the statutory and regulatory requirements.
Nigerian companies are required under the Companies and Allied Matters Act LFN 2004 to appoint a secretary. Section 293 of the “Act” states that “every company shall have a secretary”
Upon the incorporation of a company, one of the regulatory compliance is to provide the particulars of the company secretary. Thus, it is an offence to operate a company without a Secretary. A company secretary is an official of the company who exercises extensive powers and duties.
Qualifications of a company secretary
It is the duty of the Directors of the company to ensure that the company secretary appointed is a suitable person who has requisite knowledge on regulatory issues affecting the company or the experience to discharge the functions of a company secretary.
Thus, a company secretary shall be either of the following as provided under Section 295 of CAMA;
Flowing from the above qualifications, it is trite to state that not only an individual can act in a company secretary capacity but also firms and corporate bodies.
Duties of a company secretary as provided by Law include but not limited to the following;
In our previous write-up, we fully explained the procedure for appointment and removal of company secretary in Nigeria
In conclusion, the office of a company secretary is a vital compulsory position in the company, which is reinforced by the law. The functions and services rendered by a company secretary are ministerial and administrative in nature which cannot be overemphasized.
The company secretary owes a duty to the management, board of directors, shareholders and the company. It would be unlawful for a company to be operating without having a company secretary.
By Corporate & Commercial Law Department at Resolution Law Firm. The Law Firm currently serves as company secretary to various companies.
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