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Section 141 Companies and Allied Matters Act 2020

Section 141 CAMA 2020 Section 141 Companies and Allied Matters Act is about Power of companies to issue shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Power of companies to issue shares Subject to any limitation in the articles of a […]

Section 140 Companies and Allied Matters Act 2020

Section 140 CAMA 2020 Section 140 Companies and Allied Matters Act is about Prohibition of non-voting and weighted shares. It is under Chapter 8 (Shares and Nature of Shares) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Prohibition of non-voting and weighted shares (1) Unless otherwise provided by any other enactment, […]

Section 139 Companies and Allied Matters Act 2020

Section 139 CAMA 2020 Section 138 Companies and Allied Matters Act is about Shares as transferable property. It is under Chapter 8 (Shares and Nature of Shares) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Shares as transferable property The shares or other interests of a member in a company are […]

Section 138 Companies and Allied Matters Act 2020

Section 138 CAMA 2020 Section 138 Companies and Allied Matters Act is about Rights and liabilities attached to shares. It is under Chapter 8 (Shares and Nature of Shares) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Rights and liabilities attached to shares Subject to the provisions of this Act, the […]

Section 137 Companies and Allied Matters Act 2020

Section 137 CAMA 2020 Section 137 Companies and Allied Matters Act is about Duty of directors on serious loss of capital. It is under Miscellaneous Matters Relating to Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Duty of directors on serious loss of capital (1) Where the […]

Section 136 Companies and Allied Matters Act 2020

Section 136 CAMA 2020 Section 136 Companies and Allied Matters Act is about Penalty for concealing name of creditor, etc. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Penalty for concealing name of creditor, etc. If an officer of the company—(a) […]

Section 135 Companies and Allied Matters Act 2020

Section 135 CAMA 2020 Section 135 Companies and Allied Matters Act is about Liability of members on reduced shares. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Liability of members on reduced shares (1) Where a company’s share capital is reduced, […]

Section 134 Companies and Allied Matters Act 2020

Section 134 CAMA 2020 Section 134 Companies and Allied Matters Act is about Registration of order and minutes of reduction. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Registration of order and minutes of reduction (1) The Commission, on delivery to […]

Section 133 Companies and Allied Matters Act 2020

Section 133 CAMA 2020 Section 133 Companies and Allied Matters Act is about Court order confirming reduction. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Court order confirming reduction (1) The Court, if satisfied—(a) with respect to every creditor of the […]

Section 132 Companies and Allied Matters Act 2020

Section 132 CAMA 2020 Section 132 Companies and Allied Matters Act is about Application to Court for Order of Confirmation. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Application to Court for Order of Confirmation (1) Where a company has passed […]