Updated: Sunday December 09, 2012/AlAhad Muharram 26, 1434/Ravivara Agrahayana 18, 1934, at 09:03:16 PM

The Companies’ (Appointment of Legal Advisers’) Rules, 1975

2nd April, 1975

 

In exercise of the powers conferred by section 8 of the Companies (Appointment of Legal Advisers) Act, 1974 (Act No. X of 1974), the Federal Government is pleased to make the following rules, namely:

 

1.         Short title and commencement.---


(1)        These rules may be called the Companies (Appointment of Legal Advisers) Rules, 1975.

 

(2)        They shall come into force at once.


2.         Definitions.-- In the rules, unless the context otherwise requires,---


(a)        “Act” means the Companies (Appointment of Legal Advisers) Act, 1974.


(b)        “Registrar” means the Registrar as defined in subsection (15) of section 2 of the Companies Act, 1913.


3.         Maintenance of register and records.-- Every company shall maintain a register in the form set out in Schedule I. Every, company shall obtain a certificate from its legal adviser once a year in the form set out in Schedule II.


4.         Furnishing of information by the company.- (l) Every company shall, within fifteen days of the appointment of a legal adviser by it, furnish in duplicate to the Registrar of the region in which its registered office is situated the name (names of the partners in case of a firm), address and remuneration of the legal adviser.


(2)        Every, company shall furnish such additional information or documents as the Registrar may require.


(3)        The Registrar shall keep proper record of all the informations received under this rule.

 

SCHEDULE I

See rule 3

REGISTER OF LEGAL ADVISER

 

Name of the Legal Adviser (If the legal adviser is a firm, name of firm should be given).

Number of partners in case of a firm

Remuneration

Address

Date of appointment

Date of termination of appointment

 

 

 

 

 

 

 

SCHEDULE II

See rule 3 (2)

CERTIFICATE

(To be obtained annually from a legal Adviser)

 

I/We certify that during the year ............................................... I/We was/were not engaged as legal adviser in more than three companies ...............................................

 

 The particulars of the companies in which I/We was/ were the legal adviser during the year are as follows:---

 

Name of the company

Address

(1)

(2)

Signature

Name

 

The Companies’ (Appointment of Legal Advisors’) Act, 1974

 

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