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Memorandum Of Association Of Digital Marketing Company

Memorandum Of Association Of Digital Marketing Company Template for Nigeria

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Memorandum Of Association Of Digital Marketing Company

"I need a Memorandum of Association of Digital Marketing Company for a new social media marketing agency in Lagos, Nigeria, planning to launch in March 2025, with three founding shareholders and an initial share capital of 10 million Naira, focusing primarily on influencer marketing and content creation services."

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Document background
The Memorandum of Association of a Digital Marketing Company is a mandatory legal document required when incorporating a company in Nigeria under the Companies and Allied Matters Act (CAMA) 2020. This document serves as the foundation of the company's existence and its relationship with the outside world. It contains crucial information about the company's objectives, particularly focusing on digital marketing activities, share capital structure, and the limits of shareholders' liability. The memorandum must be filed with the Corporate Affairs Commission (CAC) and becomes a public document upon registration. It's essential for establishing the company's legal identity, securing investments, opening bank accounts, and entering into contracts. The document needs to reflect both traditional corporate requirements and modern digital business practices, making it particularly important for companies operating in the digital space.
Suggested Sections

1. Company Name and Details: States the company name, registration number, and that the company is registered under CAMA 2020

2. Registered Office: Specifies that the registered office of the company will be situated in Nigeria

3. Objects of the Company: Details the primary and ancillary business objectives, focusing on digital marketing services, consulting, and related activities

4. Limitation of Liability: States that the liability of members is limited by shares

5. Share Capital: Declares the authorized share capital, types of shares, and nominal value

6. Restrictions on Transfer of Shares: Basic provisions regarding the transfer of shares and pre-emptive rights

7. General Meetings: Basic provisions for conducting general meetings of shareholders

8. Directors Powers and Duties: Fundamental powers and responsibilities of directors

9. Company Secretary: Provision for appointment and duties of company secretary

Optional Sections

1. Digital Services Specific Clauses: Additional clauses specific to digital marketing services, including data protection and online service delivery - used when company wants to specifically define its digital service scope

2. International Operations: Provisions for conducting business internationally - included when company plans to operate beyond Nigeria

3. Specialized Share Classes: Detailed provisions for different classes of shares with varying rights - used when company wants multiple share classes

4. Professional Qualifications: Requirements for professional qualifications of directors or key personnel - included for specialized digital marketing services

5. Intellectual Property Protection: Specific provisions for protecting company's intellectual property - important for companies developing proprietary digital marketing tools

Suggested Schedules

1. Schedule 1: Initial Subscribers: Details of initial shareholders including names, addresses, and number of shares subscribed

2. Schedule 2: Share Capital Structure: Detailed breakdown of share capital, including different classes of shares if applicable

3. Schedule 3: First Directors: List of first directors and their details

4. Schedule 4: Professional Certifications: List of required professional certifications and accreditations for the company's operations

5. Schedule 5: Business Activities: Detailed list of specific digital marketing activities and services the company will provide

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































Clauses


























Relevant Industries

Digital Marketing

Advertising and Media

Information Technology

E-commerce

Professional Services

Technology Consulting

Social Media Services

Content Creation

Digital Analytics

Marketing Technology

Relevant Teams

Legal

Corporate Secretariat

Board of Directors

Executive Leadership

Compliance

Corporate Governance

Risk Management

Digital Marketing

Business Development

Finance

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Board Director

Chief Operating Officer

Chief Financial Officer

Digital Marketing Director

Business Development Manager

Corporate Governance Officer

Risk Management Officer

Shareholders

Company Registrar

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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