Section 318 Companies and Allied Matters Act (CAMA) 2020
Section 318 CAMA 2020 Section 318 Companies and Allied Matters Act is about Register of directors. It is under Chapter 11 (Directors) of the Act. (1) Every company shall keep a register of its directors. (2) The register shall contain the required particulars of each person who is a director of the company. (3) The […]
Section 317 Companies and Allied Matters Act (CAMA) 2020
Section 317 CAMA 2020 Section 317 Companies and Allied Matters Act is about Director’s contract of employment for morethan five years. It is under Chapter 11 (Directors) of the Act. (1) The provisions of this section apply in respect of any term of an agreement where a director’s employment with the company of which heis […]
Section 316 Companies and Allied Matters Act (CAMA) 2020
Section 316 CAMA 2020 Section 316 Companies and Allied Matters Act is about Personal liability of directors and officers. It is under Chapter 11 (Directors) of the Act. Where a company— (a) receives money by way of loan for specific purpose ; (b) receives money or other property by way of advance payment forthe execution […]
Section 315 Companies and Allied Matters Act (CAMA) 2020
Section 315 CAMA 2020 Section 315 Companies and Allied Matters Act is about Special resolution of limited company making liability of directors unlimited. It is under Chapter 11 (Directors) of the Act. (1) A limited company, if so authorised by its articles, may, by special resolution, alter its memorandum so as to render unlimited the […]
Section 314 Companies and Allied Matters Act (CAMA) 2020
Section 314 CAMA 2020 Section 314 Companies and Allied Matters Act is about Directors with unlimited liability in respect of a limited company. It is under Chapter 11 (Directors) of the Act. (1) In a limited company the liability of the directors, managers or managing director, may, if so provided by the memorandum, be unlimited. […]
Section 313 Companies and Allied Matters Act (CAMA) 2020
Section 313 CAMA 2020 Section 313 Companies and Allied Matters Act is about Prohibition of secret benefits. It is under Chapter 11 (Directors) of the Act. (1) A director shall not accept a bribe, a gift, or commission either in cash or kind from any person or a share in the profit of that person […]
Section 312 Companies and Allied Matters Act (CAMA) 2020
Section 312 CAMA 2020 Section 312 Companies and Allied Matters Act is about Liabilities arising from contravention of section 310. It is under Chapter 11 (Directors) of the Act. (1) An arrangement entered into by a company in contravention of section 310 of this Act and any transaction entered into in pursuance of the arrangement […]
Section 311 Companies and Allied Matters Act (CAMA) 2020
Section 311 CAMA 2020 Section 311 Companies and Allied Matters Act is about Exceptions from section 310. It is under Chapter 11 (Directors) of the Act. (1) No approval shall be required to be given under section 310of this Act by any body corporate unless it is a company within the meaning of this Act, […]
Section 310 Companies and Allied Matters Act (CAMA) 2020
Section 310 CAMA 2020 Section 310 Companies and Allied Matters Act is about Substantial property transactions involving directors,controlling members,etc. It is under Chapter 11 (Directors) of the Act. (1) Subject to the exceptions provided by section 311 of this Act,a company shall not enter into an arrangement whereby— (a) a director or controlling member of […]
Section 309 Companies and Allied Matters Act (CAMA) 2020
Section 309 CAMA 2020 Section 309 Companies and Allied Matters Act is about Legal position of directors. It is under Chapter 11 (Directors) of the Act. (1) Directors are trustees of the company’s money, properties and their powers and as such shall account for all the money over which they exercise control, refund any money […]