AN EXAMINATION OF INVESTORS’ PROTECTION UNDER NIGERIAN LAW
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: FOOTNOTE / ENDNOTE
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
A company has over time proven to be a very viable form of business, the company has grown tremendously in size and number of shareholders base making it necessary that a few people be selected to manage the company on behalf of the investors since all of them Laws are put in place to put a check on these managers to prevent corporate abuse and ensure that the company is managed with due care and skill to the benefit of the investors. This research has shown that the government lacks the will and determination for the prompt implementation of its laws despite all the efforts made in providing the law, there are also some loopholes can through which fraudulent and dishonest persons can take advantage of for their own personal gains thereby defeating the very essence of the laws which are investors protection. An examination of some of the laws provided to protect investors in Nigeria shows their inadequacies and the fact that it has become a mere academic exercise, ink on paper and is quite different from what is obtainable in practice. Doctrinal method of research was used in this research referring to statutory laws, textbooks, journals, newspapers and internet materials. The findings were that; there is the lack of will by the regulatory bodies to implement the law, company meetings have been provided as an important tool for investors’ protection in Nigeria but that has been circumvented through late delivery of the notice of meetings or inefficiency of the postal system, the Companies and Allied Matters Act did not provide for qualifications for people to be appointed as members of the audit committee and the inspectors to investigate the affairs of a company and also in a bid for the provision of Section 63 of the Companies and Allied Matters Act to provide for division of powers among the board of directors and the shareholders it ended up bringing in terms as’ good faith’ and ‘due diligence’ which are subjective terms. It is therefore recommended that; The regulatory bodies should ensure prompt implementation of its laws and policies; it should be mandatory that companies should use the message alerts and emails in addition to the traditional form of notice to inform share holders of any company meeting; The Companies and Allied Matters Act should provide for people to be appointed as members of the audit committee should be people with knowledge in accounting, company law and vast experience and section 63(4)of the Companies and Allied Matters Act should be Expunged. In conclusion it can be said that investors’ protection does not lie on the Government alone but on all stakeholders, it lies on the investors sought to be protected to be vigilant, exercise all their rights provided by law and for the regulatory bodies to live up to their role and enforce the provisions of the law when there is any violation.
Related Project Materials
ANALYSIS ON THE KNOWLEDGE, ATTITUDE AND PRACTICE REGARDING IMMUNIZATION OF UNDER-FIVE CHILDREN AMONG MOTHERS ATTENDING ANTENATAL CLINIC (ANC) AT MADONNA UNIVERSITY TEACHING HOSPITAL IN ELELE, RIVERS STATE
STATEMENT OF THE PROBLEM
The global burden constituted by vaccine preventable disease is immense. Worldwide about 2.5 mi...
EFFECT OF TAX AUTHORITY IN THE PREVENTION AND DETECTION OF TAX FRAUD IN NIGERIA
BACKGROUND OF THE STUDY
Taxation is not a new word in Nigeria or the world as a whole. In Nigeria...
DETERMINATION OF THE EFFECT OF EXTRACTED OXYGEN HETEROCYCLE ON THE DEHYDROCHLORINATION OF VINYLIDENE CHLORIDE COPOLYMER
Statement of Problem
Thermally-induced degradation of vinylidene chloride copolymers has resulted in considerable losses of polymer mater...
INVESTIGATING DOMESTIC INVESTMENT AND ITS IMPACT ON NIGERIA ECONOMIC GROWTH
Background to the Study
Economic experts are of the opinion that sufficient investment is necessary for...
THE ROLE OF PARENTS IN THE CAREER DEVELOPMENT OF THE CHILD
ABSTRACT
The purpose of this research work is to examine the role of parents in the career development...
MEDIA AS A TOOL FOR PROMOTING ARTS AND CULTURE THROUGH TOURISM DEVELOPMENT IN NIGERIA
Abstract
This research work examines media as a tool for promoting arts and culture through tourism development in Niger...
INVESTIGATING THE BENEFITS OF EARLY CHILDHOOD DANCE PROGRAMS ON MOTOR SKILLS DEVELOPMENT
ABSTRACT: Investigating the benefits of early childhood dance progra...
COMPARATIVE ANALYSIS OF VOCATIONAL EDUCATION SYSTEMS GLOBALLY
Abstract: This research conducts a comparative analysis of vocational education systems glo...
ASSESSMENT OF JUNIOR SECONDARY SCHOOL BUSINESS STUDIES CURRICULUM IMPLEMENTATION IN NIGERIA
ABSTRACT
This study assessed the Assessment of Junior Secondary Business Studies Curriculum Implementation in Plateau State, Nigeria. The...
IMPACT OF COOPERATIVE LEARNING STRATEGY ON PROCESS SKILLS ACQUISITION AND PERFORMANCE IN CHEMISTRY AMONG SECONDARY SCHOOL STUDENTS, ZARIA KADUNA STATE, NIGERIA
ABSTRACT
This study investigated the impact of cooperative learning strategy on process skills acquisition and performance in chemistry a...
