Share on LinkedInShare on LinkedIn

ARTICLE · 30 MARCH 2023

Persons With Significant Control Regulations, 2022

Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie
Contributor
Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie (UUBO) is a full service, multi-disciplinary law firm that is focused on...

View firm profile
Explore more from Udo Udoma & Belo-Osagie

On 23rd November 2022, the Minister of Industry, Trade and Investment approved the Persons with Significant Control Regulations ...

NigeriaCorporate/Commercial Law

1. Introduction

On 23rd November 2022, the Minister of Industry, Trade and Investment approved the Persons with Significant Control Regulations, 2022 (the "PSC Regulations") in exercise of its power under section 867 of the Companies and Allied Matters Act, 2020 ("CAMA" or the "Act"). The regulations were published on the website of the Corporate Affairs Commission recently.

The objective of the PSC Regulations is to provide a framework and procedure for obtaining and reporting relevant information on persons with significant control or beneficial owners of a limited liability company, Limited Liability Partnership (LLP), foreign-exempted companies, foreign-exempted limited LLPs, and government-owned companies.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from