Corporate And Regulatory

Companies (Appointment of Legal Advisers) Ruin 1975

Status: In force


NOTIFICATION NO. S.R.O. 373(1)/75. In exercise of the powers conferred by section 8 of the Companies (Appointment of Legal Advisers) Act, 1974 (Act No. X of 1974), the Federal, Government is pleased to make the following rules, namely: -

1.            Short title and commencement.- These rules may tie called the Companies (Appointment of Legal Advisers) Ruin 1975.

(a)          They shall come into force at once.

2.            Definitions. In the rules, unless the context otherwise requires:

(a)          ‘Act’ means the Companies (Appointment of Legal Advisers) Act, 1974.

(b)          ‘Registrar’ means the Registrar as defined in subsection (15) of section 2 of the Companies Act, 1913.

3.            Maintenance of register and records. Every company shall maintain a register in the form set out in Schedule 1. Every company shall obtain a certificate from its legal adviser once a year in the form set out in Schedule 11.

4.            Furnishing of information by the company. Every Company shall, within fifteen days of the appointment of a legal adviser by it, furnish in duplicate to the Registrar of the region in which its registered office is situated the name (names of the partners in case of a firm), address and remuneration of the legal adviser.

(a)          Every company shall furnish such additional information or documents as the Registrar may require.

(b)          The registrar shall keep proper record of all the information received under this rule.

SCHEDULE 1

[SEE RULE 3(1)] REGISTER OF LEGAL ADVISER

Name of the Number Remuneration Address Date of appointment Date of termination of appointment. Legal Advisor (If the legal adviser is a firm, name of firm should be given). of partners in case of a firm. -

SCHEDULE II

[SEE RULE 3(2)] CERTIFICATE

(To be obtained annually from a legal Adviser)

I/We certify that during the year I/We was/were not engaged as legal adviser in more than three companies/companies. The particulars of the companies in which I/We was/were the legal adviser during the year are as follows:-

Name of the company Address

Signature.

Name

 

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