Company Law

Under Nigerian company as is the case with company law universally, a company when incorporated or registered with the Corporate Affairs Commission becomes a legal person separate from those who incorporated it.

The company in law is a person just as any human being is a person. The company can therefore own property, enter into contracts, sue and be sued in its name. Upon incorporation, the company has to raise money to finance its business. It can do this in two ways; first it may issue shares for sale to the public or to private persons if it is a private company.

This course deals mainly with how companies are financed and managed. It also deals with the formation, management and dissolution of partnerships.

The main focus of this course is to provide basic knowledge of company securities, management and winding up procedure. The course will also educate the students about partnerships as a business organization.

At the end of the course, the learners will be able to understand the difference between a company and a partnership from the way both are financed, managed and wound up.

Learners should also be able to know:

• Shares and company securities
• Company Law
• How companies are financed
• How people become members of a company,
• How directors and company secretaries are appointed, their duties and how they are removed,
• The different company meetings and how they are convened,
• The measures put in place to protect minority shareholders and how they could enforce any breach of director’s duties if the majority fail to do so,
• The different methods to wind up or dissolve a company.
• And many more.