Conditions required for Conversion from Private to Public Company in Nigeria

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Unlock the secrets of company law in Nigeria! In this video, we dive into the conditions required for a private company to re-register as a public company under Section 56(2) of the Companies and Allied Matters Act (CAMA) 2020. Specifically, we explore the crucial requirements related to share capital, net assets, recent allotment of shares for non-cash consideration, and the special case of unlimited companies. Whether you're a law student in a Nigerian university or a Nigerian Law School student tackling Bar Part 2, this video will provide you with a comprehensive understanding of the re-registration process. Join us as we break down the key conditions and provide insights to help you master company law in Nigeria!
#nigerianlawschool #nigerianlaw #nigerianlawstudent #edutainment #corporatelaw
Chapters

0:00 Intro
0:33 Condition 1: The Company must have a Share Capital
0:40 Condition 2: Requirements as to Share Capital
4:22 Condition 3: Requirements as to Net Assets
5:55 Condition 4: Recent allotment of Shares for Non-cash Consideration
7:29 Condition 5: Unlimited Company requirement
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