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.
Introduction
Human resources management at least in a primitive form has existed since the down of group of effort certa...
ABSTRACT
Domestic Waste Disposal investigated the extent of the use of instructional materials in effective teaching and...
BACKGROUND OF THE STUDY
Banking in Nigeria has seen remarkable changes in the last decade, and the busi...
Background to the study
The the destiny of any civilization is dependent on the type and kin...
Background of the study
The recent phenomena of email-overloading in daily life and business have creat...
ABSTRACT
The aim of this project is to find out the consequences to inefficient filing system in privat...
ABSTRACT
This study evaluated the Integrated Science and Introductory Technology curricula contents as well as their implementation in se...
ABSTRACT
The study examine mycrotoxins available in food stuff vended in Awka. The findings showed that the variou...
Abstract
Cases of marine vessel accident involving personal injury, deaths, property and environmental...
BACKGROUND OF THE STUDY
The academic achievement of adolescents has been a major concern of educators f...