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 5000
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
THE ROLE OF SUSTAINABILITY CERTIFICATIONS IN VOCATIONAL TRAINING
ABSTRACT: The Role of Sustainability Certifications in Vocational Training is increasingly significant as industries prioritize sustainable pr...
THE IMPACT OF FEASIBILITY STUDIES IN STARTING UP A NEW BUSINESS
ABSTRACT
This project report studied the Impact of Feasibility Studies in Starting up a New Business, A Case Study of Se...
THE IMPACT OF STRATEGIC LEADERSHIP DEVELOPMENT ON ORGANIZATIONAL SUCCESS
Abstract:
The objectives of this study are to (1) assess the impact of strategic leadership development on...
DEVELOPMENT OF A SMELL AGENT OPTIMIZATION ALGORITHM FOR COMBINATORIAL OPTIMIZATION PROBLEMS
Excerpt from the Study
Combinatorial optimization involves the mathematical study of arraignment, ordering, selection or...
AN APPRAISAL OF THE IMPACT OF DELAY IN PROJECT DELIVERY IN CONSTRUCTION INDUSTRY
Background of the study
It is believed that one of the prevailing problems of con...
ROLE OF GOVERNMENT IN CO-OPERATIVE DEVELOPMENT
ABSTRACT
The Role of Government in Co-operative Development emphasis on the economic growth of the nation and the eradic...
PARENTAL STATUS AND STUDENT ACADEMIC PERFORMANCE
ABSTRACT
This study was undertaken to investigate the influence of parental status on academic performance of stu...
THE RISING COST OF EDUCATION AND IT IS IMPLICATIONS ON THE YOUTH
Abstract
The purpose of the study was to investigate the rising cost of education and its implication on the youth in pu...
AN INVESTIGATION AND POSSIBLE SOLUTION OF HIV/AIDS AS A SOCIAL DISEASE IN TERTIARY INSTITUTIONS IN NIGERIA
BACKGROUND OF THE STUDY
The continuous increase in the infection of HIV/AIDS and the transmission from...
A CRITICAL EVALUATION OF J.J ROUSSEAU's CONCEPT OF EDUCATION
-
- STATEMENT OF THE PROBLEM
Before one delves into Rousseau’s child-ce...
