By section 36 of CAMA, the grounds upon which incorporation maybe
refused are;
· Non-compliance of name
with CAMA
· Illegal object or business
· Incompetent/disqualified
subscriber
· Conflict of name with
existing name
· Non-compliance with the
requirements of another law regulating registration.
Note that Notice of Refusal to Register must be sent by CAC to the
applicant within 30 days.
For emphasis, please note
that by section 36 of CAMA, the Corporate
Affairs Commission shall register the Memorandum and Articles unless in its
opinion:
·
They
do not comply with the provisions of CAMA; or
·
The
business which the company is to carry on or the objects for which it is formed
or any of them are illegal; or
·
Any
of the subscribers to the memorandum is incompetent or disqualified in
accordance with S. 20 of the Act; or
·
There
is non-compliance with the requirement of any law as to registration and
incorporation of a company; or
·
The
proposed name conflicts with or is likely to conflict with an existing trade
mark or business name registered in Nigeria
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