The Legal Effects of Articles of Association of a Company: Perspectives on Corporate Governance in Nigeira

Abstract

The article examined the fact that Investors converge with a common business interest having being pregnant with business ideas. Ordinarily such investors go through the gestation period the ante-all procedure and process before eventually giving birth   to a body corporate: a legal person. The birth of the legal person more or less like the birth of an actual person would have to be registered and a birth certificate issued. Statutes, cases, both reported and unreported, journals, textbooks and the opinion of text writers was resorted to in the preparation. The article further revealed the inherent import of the articles of association on the life and times of the company ensuring compliance with the ideals and ideas of corporate governance in Nigeria. The articles position ensured strict compliance with corporate governance for business effectiveness and efficacy.

Keywords: Articles, Corporate Governance, Effectiveness, Gestation Period, Body Corporate.