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.

Course Curriculum

SECTION 1: SHARES AS COMPANY SECURITIES

1
Definition of a Share
Self-Paced
2
Issue of Shares
Self-Paced
3
Payment for Shares
Self-Paced
4
Quiz
10 questions

SECTION 2: COMPANY MEMBERSHIP

1
Overview of Company Membership
Self-Paced
2
How to Become a Member
Self-Paced
3
Rights and Liabilities of Members
Self-Paced
4
Transfer of Shares
Self-Paced
5
Debenture/Charges
Self-Paced
6
Debenture Trust Deed
Self-Paced
7
Quiz
10 questions

SECTION 3: COMPANY LAW

1
Appointment and Duties of Directors
Self-Paced
2
Number of Directors
Self-Paced
3
Nomination and Voting of Directors
Self-Paced
4
Meeting of Directors
Self-Paced
5
Company Secretaries
Self-Paced
6
Nature and Types of Meetings
Self-Paced
7
Procedure at Meetings
Self-Paced
8
Proxy S. 230 of Cama
Self-Paced
9
Company Resolutions
Self-Paced
10
Majority Rule and Minority Protection
Self-Paced
11
Profits and Dividends
Self-Paced
12
Dividends
Self-Paced
13
Quiz
10 questions