CHAPTER ONE COMPANIES AND ALLIED MATTERS ACT 1990_D Business Names This Part of this Decree and
Part C thereof shall be administered by the Corporate Affairs Commission established under Part A of this Decree. 1. There shall be established in each State of the Federation, a register office of business names where there shall be kept a register in the prescribed form in which shall be entered such matters as are required by this Decree or any regulation made there under to be entered in it. (1) The Registrar-General of Companies appointed under section 8 of this Decree shall be the Registrar of Business Names. (2) There may be appointed from time to time fit persons to be Assistant Registrars of Business Names or other officers as may be necessary for the administration of this part of this Decree. (1) The Registrar shall cause business names to be registered in accordance with the provisions of this part of this Decree. For the purpose of the registration under this Part of this Decree, of the business names of a firm, individual or corporation at any of the register offices of business names, any Assistant Registrar may, subject to any direction that the Commission may give, perform any act or discharge any duty which the Registrar may lawfully perform or discharge or is required by this Decree to perform or discharge, and, subject to that, any reference in this Part of this Decree to the Registrar unless the context otherwise admits, shall accordingly be deemed to include a reference to an Assistant Registrar. (3) Without prejudice to the generality of the foregoing provisions of subsection (1) of this section, an Assistant Registrar may be assigned to the registry of business names in a State for the purpose of registering business names and keeping a register of business names. (1) Every individual, firm or corporation having a place of business in Nigeria and carrying on business under a business name shall be registered in the manner provided in this Part of this Decree if (a) In the case of a firm, the name does not consist of the true surname of all partners without any addition other than the true forenames of the individual partners or the initials of such forenames;
(b) In the case of an individual the name does not consist of his true surname without any addition other than his true forenames or the initials thereof. the nationality and. (2) Notwithstanding subsection (1) of this section where (a) the addition merely indicates that the business is carried on in succession to a former owner of the business. if that nationality is not the nationality of origin. any former forenames or surname. registration shall not be necessary. any former forenames or surnames. (1) Every firm. within twenty-eight days after the firm. if that nationality is not the nationality of origin. each of those business names. (d) The full postal address of every other place of business. company or individual is situated. (b) The general nature of the business. if the business is carried on under two or more business name. 5. the
. (b two or more individual partners have the same surname. (f) where the registration to be effected is that of an individual. the addition of an `s' at the end of that surname shall not of itself render registration necessary. a statement in writing in the prescribed form. (c) The full postal address of the principal place of business. (e) Where the registration to be effected is that of a firm (i) the present forenames and surname. that addition shall not of itself render registration necessary. the present forenames and surname. the names does not consist of its corporate name without any addition. signed as required by this section and containing the following particulars (a) The business name or. the age. (c) In the case of a corporation whether or not registered under this Decree. individual or corporation required under this Decree to be registered shall. the sex. the usual residence and any other business occupation of each of the individuals who are partners. and (ii) The corporate name and registered office of such corporation which is a partner. and (c) the business is carried on by a receiver or manager appointed by any court. the nationality and. individual or corporation commences the business in respect of which registration is required or within three months of the coming into operation of this Decree furnish to the Registrar at the register office for the State in which the principal place of business of the firm.
there shall be submitted to the Registrar copies of the passport photographs of the individual certified in a manner required by the Registrar. the nationality of origin and the usual residence of each individual on whose behalf the business is carried on. if that nationality is not the nationality of origin. in addition to the particulars required by that subsection state the name and full postal address of each such concerns.nationality of origin. it shall be sufficient to state the fact that the business is so carried on and the countries in which the concerns carry on business. the usual residence and any other business occupation of the individual. (4) Where the registration to be effected is that of a firm or individual carrying on business as general agent for any concern carrying on business outside Nigeria and not having a place of business in Nigeria. provided that in the case of a firm or individual carrying on business as general agent for three or more such concerns. the sex. (h) The date of commencement of the business whether before or after the coming into operation of this Decree. (g) Where the registration to be effected is that of a company. the nationality and. be signed by each individual who is a partner and by a director or the secretary of each corporation which is partner. (2) Where the registration to be effected is that of an individual or a firm consisting only of individuals. if the statement is accompanied by a statutory declaration made by any person to the effect that he is a partner of the firm or is a director or
. the statement required by subsection (1) of this section to be furnished shall contain the following particulars in addition to the particulars required by that subsection (a) the present forenames and surname. (b) in the case of a statement furnished by a firm. the name and registered office of the company. (3) Where the registration to be effected is that of a firm or individual carrying on business on behalf of another individual. firm or corporation whether as nominee or trustee. (b) The name of each firm or corporation in whose behalf the business is carried on. the age. the statement required by subsection (1) of this section to be furnished shall. (5) A statement furnished in accordance with subsections (1) to (4) of this section shall (a) in the case of a statement furnished by an individual. be signed by him. (c) in the case of a company be signed by a director or the secretary: Provided that. any former forenames or surname.
company or firm and file the statement. who shall thereupon exhibit and thereafter maintain the same in a conspicuous position at the principal place of the business so registered: Provided that (a) Where a fresh certificate has been issued under subsection (2) of this section. legal practitioner or police officer of or above the rank of Assistant Superintendent of Police. (1) On the registration of any firm. company or individual the Registrar may in his discretion either amend the certificate previously issued or issue a fresh certificate. in addition to the requirements of subsection (1) of this section be signed by a magistrate. (4) Where a firm.the secretary of a corporation which is a partner of the firm the statement may be signed by that person alone. company or individual registered under this Decree has more than one place of business. the provisions of this subsection shall apply to such fresh certificate only and not to the certificate originally issued. (1) On receipt by the Registrar of the statement of particulars required to be furnished under section 657 of this Decree. the Registrar shall issue a certificate in the prescribed form containing letters in name together with the distinguishing State identification letters in brackets at the end of the name. he shall.
. 6. (3) A certificate issued under this section shall be sent by registered post or delivered to the firm. a copy of such certificate has been lost or destroyed or rendered illegible. (6) A statement furnished in accordance with subsections (1) to (4) of this section by an individual who is a minor or by a firm of which one of the partners is a minor shall. 7. and (b) Where any certificate has been lost or destroyed or rendered illegible. company or individual under this Decree. the original certificate shall be exhibited and maintained as required by subsection (3) of this section at the principal place of business and a copy of the certificate certified by the Registrar shall be exhibited and thereafter maintained in a conspicuous position in each of the other places of business. cause to be entered in the register the business name of the individual. a copy of such certificate certified by the Registrar may be exhibited in place of the original. company or individual registering. (2) The Registrar shall add to the business name in the register the identification letters of the State which shall be in brackets at the end of the business name. (2) On the registration of any charge in the particulars registered in respect of any firm. subject to subsection (2) of this section and to the provisions of any regulations made under this Decree. and these shall form part of the business name.
company or individual is not carrying on business or does not within two months from the date of the notice receive an answer. other than particulars as to the age of an individual the firm or individual shall within 28 days after such change notify the change to the Registrar at the register office at which the firm. company or individual registered under this Decree ceases to carry on business it shall be the duty of the partner in the firm at the time when it ceased to carry on business or of the individual or if he is dead his personal representative. (4) If the Registrar either receives an answer from the firm. "Federal". 9. company or individual from the register. "Trustee". "Government". "Investment". company or individual is registered. or any word or similar connotation. "Insurance".
(1) Whenever a change is made or occurs in the particulars required by section 657 of this Decree to be furnished in respect of any firm. "State". "Building Society" "Guarantee". or any other word which imports or suggests that the business enjoys the patronage of the Federal. to send by post or deliver to the Registrar a notice. or (c) contains the words "Chamber of Commerce". company or individual by registered post a notice that. "Bank". company or individual from the register. within three months after the business has ceased to be carried on. he may remove the firm. or
. company or individual may be removed from the register. stating that the firm or individual has ceased to carry on business. (2) The notice required under subsection (1) of this section shall be in writing signed as provided in section 657 of this Decree. (1) If any firm. the firm. company or individual to the effect that the firm. unless an answer is received to such notice within two months from the date thereof. company or individual registered under this Decree is not carrying on business he may send to the firm. or (b) Contains the word "co-operative" or its equivalent in any other language or any abbreviation thereof. (3) Where the Registrar has reasonable cause to believe that firm. (1) Where any business name under which the business of a person is carried on or to be carried on (a) contains the word "National". (2) On receipt of such a notice as mentioned in subsection (1) of this section the Registrar may received the firm. "Municipal". company or individual registered under that section. State or Local Government.8. 10.
show cards and business letters issued or sent by the individual or firm to any person have mentioned in legible characters (2) Where the individual referred to in subsection (1) of this section is a minor. 12. or. trade circulars. 11. deceptive or objectionable in that it contains a reference direct or otherwise to any personage. but any person aggrieved by a decision of the Registrar under this subsection may. or (e) is similar to any trade mark registered in Nigeria. 13. (1) The Registrar shall upon request give a certified copy of any entry in any register book. race or religion of the persons by whom the business is wholly or mainly owned or controlled. (2) Where any business name under which the business of a person is carried on (a) Contains any word which. unless the consent of the Commission has been first obtained by the person refuse to register the business name or. (1) Every individual or firm required by this Decree to be registered shall in all trade catalogues. after his name. the Registrar shall refuse to register such a business name. in brackets. in all legal proceedings. company or individual is registered under this Part of this Decree or any company is registered under this Decree.(d) is identical with or similar to a name by which any firm. as the case may be. then the Registrar shall refuse to register the business name. without any further or other proof. in the opinion of the Registrar. register or filed documents in his possession. words "a minor" shall be added. appeal to the Commission. is likely to mislead the public as to the nationality. firm or company that has previously been involved in fraudulent trade malpractices either in local or international trade is submitting an application for the registration of a new business name. register or file of registered documents in his possession. (2) Every such certified copy shall be received in evidence. cancel the registration thereof. civil or criminal. (4) Where the Registrar has irreputable evidence to the effect that an individual. The Registrar shall allow searches to be made at all reasonable time in any register book.
. as the case may be. and the Registrar is of opinion that registration would likely mislead the public then the Registrar shall. within one month of such refusal or cancellation. in the opinion of the registrar. (3) The Registrar may refuse to register an individual or firm under this Decree if the age of the individual or of any individual who is a partner is stated in the statement furnished under section 656 of this Decree to be less than eighteen years. cancel the registration thereof. practice or institution. or is otherwise unsuitable as a business name. or (b) Is.
registration of which has been refused or cancelled under section 662 of this Decree. if any action or proceeding shall be commenced by any other party against the defaulter to enforce the rights of such party in respect of such contract. set-off or other wise such rights as he may have against that party in respect of such contract. or that on other grounds it is just and equitable to grant relief. or some other sufficient cause. nothing herein contained shall preclude the defaulter from enforcing in that action or proceeding by way of counter claim.
Where any firm or individual required under this Decree to furnish a statement of particulars or of any change in particulars makes default in so doing the rights of such defaulter under or arising out of any contract made or entered into by or on behalf of such defaulter in relation to the business in respect of which particulars where required at any time while he is in default shall not be enforceable by action or other legal proceedings either in the business name or otherwise: Provided that (a) the defaulter may apply to a High Court in which any such contract would otherwise be enforceable for relief against the disability imposed by this section and a High Court in which any such contract would otherwise be enforceable on being satisfied that the default was accidental. may grant such relief either generally as regards all contracts enforceable by the court or as respect any particular contract and on such conditions as the court may impose. or due to in advance.
. If any firm or individual required under this Decree to be registered (a) (b) (c) (d) Fails to comply with the provisions of section 657 of this Decree: or fails to comply with the provisions of section 660 of this Decree. nothing herein contained shall prejudice the rights of any other parties as against the defaulter in respect of such contract as aforesaid.14. or of section 659 of this Decree: or Fails to comply with the provisions of subsection (3) or subsection (4) of section 659 of this Part.
15. or Carries on business under a business name.
every partner in the firm or the individual shall be guilty of an offence and liable on conviction to a fine of 250. Prescribing the forms to be used for the purpose of this part of this Decree. Generally for the conduct and regulation of registration under this Part of this Decree and any matters incidental thereto.
16.Every partner in the firm or the individual shall be guilty of an offence and liable on conviction to a fine of 50 for every day during which the default continues. The Minister may work the approval of the National Council of Ministers.
Any firm or company which or individual who immediately before the coming into operation of this Decree was registered under the Registration of Business Names Act 1961 hereby repealed shall be deemed to be registered under and
. such person shall be guilty of an offence and liable on conviction to a fine of 500 or to imprisonment for six months or to both such fine and imprisonment. he shall be guilty of an offence and liable on conviction to a fine of 520. If any statement required to be furnished under this Decree contains any matter which is false in any material particular to the knowledge of any person signing it. of this Decree. make regulations (a) (b) (c) (d) 17. company or individual in issuing any trade trade catalogues. Prescribing the fees to taken by the officers by or before whom the acts for which the fees are payable are done under this Part of this Decree. trade circular. and the court shall order a statement of the required particulars to be furnished to the Registrar within such time as may be specified in the order. If any firm. For the governance and guidance of the Registrar and Assistant registers and of all persons acting under them. show card or business letter fails to comply with the provisions of section 665. (2) If any person whose duty it is under subsection (1) of section 661 of this Decree gives notice that firm or individual has ceased to carry on business fails to comply with the provisions of that subsection.
the nature of the business carried on and the state of the financial affairs of the business carried on by the firm.in accordance with this Decree and the provisions of this Decree shall apply in respect of such firm. In this Part of this Decree. company or individual accordingly. company or individual carrying on business under a registered business name shall. unless the context otherwise requires "Assistant Registrar" means in Assistant Registrar of Business Names appointed under section 654 of this Decree. means the name or style under which any business is carried on whether in partnership or otherwise. and any statement furnished under the said Act hereby repealed shall be deemed to have been furnished under and in accordance with this Decree. and a daily default fine of 25. by the individuals and in the case of a company or a partner who is a company. Failure to comply with any of the provisions of this section shall be punishable with a fine of 200. by a director and the secretary. company or individuals. not later than the 30th day of June in each year except the calendar year in which the business name is registered deliver to the Commission a return in a prescribed form showing the particulars of the firm. 18. (1) Every firm. industry and profession and any occupation carried on for profit.
(3) 19. "Business" includes any trade. (1)
. The returns shall be signed. "Business name". in the case of an individual or firm consisting only of individuals. company or individual in the business name during the preceding period of January 1 to December 31.