(1)
Every individual, firm or Corporation having a place of business in Nigeria and carrying on business under a business name shall be registered in the manner provided in this Part if—
(a)
in the case of a firm, the name does not consist of the true surname of all partners without any addition other than the true forenames of the individual partners or the initials of such forenames ;
(b)
in the case of an individual, the name does not consist of his true surname without any addition other than his true forenames or the initials thereof ; or
(c)
in the case of a company, whether or not registered under this Act, the name does not consist of its corporate name without any addition.
(2)
Notwithstanding subsection (1) where —
(a)
the addition merely indicates that the business is carried on in succession to a former owner of the business, that addition shall not of itself render registration necessary ;
(b)
two or more individual partners have the same surname, the addition of an “s” at the end of that surname shall not of itself render registration necessary ; and
(c)
the business is carried on by a receiver or manager appointed by any court, registration shall not be necessary.