The Companies (Appointment of Legal Advisers) Rules, 1975
The Companies (Appointment of legal Advisers) Rules, 1975 were enacted by the Federal Government in exercise of the powers conferred by section 8 of the Companies (Appointment of Legal Advisers) Act, 1974. The term “Legal Adviser means a person appointed as such under section 3 of the Companies (Appointment of Legal Advisers) Act, 1974. Section 3 provides that; (a) every company shall appoint at least one Legal Adviser on retainer-ship to advise such company in the performance of its functions and the discharge of its duties in accordance with law. Provided that a company in existence immediately before the commencement of this Act shall be deemed to have complied with the provisions of this subsection if it appoints a Legal Adviser before the expiration of three months from such commencement; and (b) no person other than an advocate or a registered firm shall be appointed to be a Legal Adviser. Rule 4 of the Companies (Appointment of Legal Advisers) Rules, 1975 provides that 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. Every company shall furnish such additional information or documents as the registrar may require. The registrar shall keep proper record of all the information received under this rule. Where-by a company is required to obtain certificate from its legal adviser once a year in the form prescribed in Schedule II.
