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The Memorandum and Articles of Association for a Money Lending Company is a crucial document required when establishing a money lending business in Nigeria. This document is mandatory under the Companies and Allied Matters Act (CAMA) 2020 and must be filed with the Corporate Affairs Commission (CAC) during company registration. It serves multiple purposes: defining the company's relationship with external stakeholders, establishing internal management rules, setting out the company's money lending objectives, and ensuring compliance with both federal and state-specific financial regulations. The document becomes particularly important when seeking licenses from financial regulatory authorities, dealing with shareholders, or expanding operations. It needs regular review and possible amendments to maintain alignment with evolving financial regulations and business needs.

1. Memorandum of Association: Opening section stating this is the Memorandum of Association

2. Company Name: Statement of the company's name with 'Limited' as suffix

3. Registered Office: Statement of the company's registered office location in Nigeria

4. Objects Clause: Detailed description of the company's money lending and financial services objectives

5. Liability Clause: Declaration that the liability of members is limited

6. Share Capital: Details of authorized share capital and its division

7. Articles of Association: Opening section stating these are the Articles of Association

8. Interpretation: Definitions of terms used throughout the document

9. Share Capital and Variation of Rights: Provisions regarding share classes, rights, and capital modification

10. Share Certificates: Rules regarding issuance and replacement of share certificates

11. Transfer of Shares: Procedures and restrictions for share transfers

12. Directors: Appointment, removal, powers, and duties of directors

13. Board Meetings: Procedures for conducting board meetings

14. General Meetings: Rules for conducting shareholder meetings

15. Voting Rights: Procedures for voting at meetings

16. Financial Management: Provisions for managing company finances and lending operations

17. Accounts and Audit: Requirements for maintaining accounts and conducting audits

18. Notices: Rules for giving notices to members

19. Winding Up: Procedures for company dissolution