One person can form and own a company

One Person Can Form and Own a Company. DAILY LAW TIPS (Tip 66)

By Onyekachi Umah,Esq., LL.M, ACIArb (UK)

One person cannot form and own a company. The rule that only 2 or more persons can form a company in Nigeria does not operate again. An infant can be a shareholder in company where there are 2 or more other adults. An infant can never be a director in a company. An infant is a person that less than 18 years of age.

References

See sections 18, 20, 80 and 257 of Companies and Allied Matters Act.

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Feel free to reach the author, ask questions or make inquiries on this topic or any other legal issues via onyekachi.umah@gmail.com or +2348037665878.

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This work is published under the free legal awareness project of Sabi Law Foundation (www.SabiLaw.org) funded by the law firm of Bezaleel Chambers International (www.BezaleelChambers.com). The writer was not paid or charged any publishing fee. You too can support the legal awareness projects and programs of Sabi Law Foundation by donating to us. Donate here and get our unique appreciation certificate or memento.

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Onyekachi Umah, Esq., LL.M, ACIArb(UK)

Onyekachi Umah is an exceptional Legal Practitioner, Arbitrator, Notary Public and Legal Awareness Expert with over a decade of experience in civil law, criminal law and human rights. He holds a Master of Laws; a Master of Business Administration (mini) and he is a doctoral candidate. Mr Umah is the Managing Partner of the law firm of Bezaleel Chambers International (BCI), where he consults and provides legal services to several national and international organisations, including the United Nations. Aside from his very engaging legal practice, Mr Umah runs a legal awareness organisation (Sabi Law Foundation) and he diligently publishes free daily law tips, every day on www.LearnNigerianLaws.com since 2017. He has published over 820 legal articles in diverse areas of law, delivered over 35 public lectures, anchored over 67 law radio/tv shows and supported several legal and developmental projects across Africa. Click to read more.

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One person can form and own a company

Onyekachi Umah, Esq., LL.M, ACIArb(UK)

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