Document background
The Memorandum of Association of a Real Estate Company is a mandatory document required when incorporating a company in Nigeria under the Companies and Allied Matters Act (CAMA) 2020. This document is essential during the company formation process and must be filed with the Corporate Affairs Commission (CAC). It contains crucial information about the company's identity, objectives specifically focused on real estate activities, share capital structure, and the scope of its operations. The memorandum serves as the company's constitution in its external affairs and, once registered, becomes a public document that anyone can inspect. It's particularly important for real estate companies as it needs to encompass various property-related activities while ensuring compliance with both federal and state-level property laws in Nigeria. The document must be prepared with careful consideration of the company's future growth plans and potential diversification within the real estate sector.
