Section 308 Companies and Allied Matters Act (CAMA) 2020
Section 308 CAMA 2020 Section 308 Companies and Allied Matters Act is about Duty of care and skill. It is under Chapter 11 (Directors) of the Act. (1) Every director of a company shall exercise the powers and discharge the duties of his office honestly, in good faith and in the best interests of the […]
Section 307 Companies and Allied Matters Act (CAMA) 2020
Section 307 CAMA 2020 Section 307 Companies and Allied Matters Act is about Multiple directorships. It is under Chapter 11 (Directors) of the Act. (1) The fact that a person holds more than one directorship shall not derogate from his fiduciary duties to each company, including a duty not to use the property, opportunity or […]
Section 306 Companies and Allied Matters Act (CAMA) 2020
Section 306 CAMA 2020 Section 306 Companies and Allied Matters Act is about Conflicts of duties and interests. It is under Chapter 11 (Directors) of the Act. (1) The personal interest of a director shall not conflict with any of his duties as a director under this Act. (2) A director shall not— (a) in […]
Section 305 Companies and Allied Matters Act (CAMA) 2020
Section 305 CAMA 2020 Section 305 Companies and Allied Matters Act is about Duties of directors. It is under Chapter 11 (Directors) of the Act. (1) A director of a company stands in a fiduciary relationship towards the company and shall observe utmost good faith towards the company in any transaction with it or on […]
Section 304 Companies and Allied Matters Act (CAMA) 2020
Section 304 CAMA 2020 Section 304 Companies and Allied Matters Act is about Particulars with respect to directors in trade catalogues,etc. It is under Chapter 11 (Directors) of the Act. (1) Every company to which this section applies shall, in all trade circulars, show cards and business letters on or in which the company’s name […]
Section 303 Companies and Allied Matters Act (CAMA) 2020
Section 303 CAMA 2020 Section 303 Companies and Allied Matters Act is about Disclosure by directors of interests in contracts. It is under Chapter 11 (Directors) of the Act. (1) Subject to the provisions of this section, it is the duty of a director of a company who is in any way, whether directly or […]
Section 302 Companies and Allied Matters Act (CAMA) 2020
Section 302 CAMA 2020 Section 302 Companies and Allied Matters Act is about General duty to give notice, etc. It is under Chapter 11 (Directors) of the Act. (1) It is the duty of any director of a company to give notice to the company of such matters relating to himself as may be necessary […]
Section 301 Companies and Allied Matters Act (CAMA) 2020
Section 301 CAMA 2020 Section 301 Companies and Allied Matters Act is about Register of directors’ shareholding, etc. It is under Chapter 11 (Directors) of the Act. (1) Every company shall keep a register showing as respectseach director of the company (not being its holding company) the number,description and amount of shares in, debentures of […]
Section 300 Companies and Allied Matters Act (CAMA) 2020
Section 300 CAMA 2020 Section 300 Companies and Allied Matters Act is about Provisions supplementary to sections 298 to 299. It is under Chapter 11 (Directors) of the Act. (1) Where, in proceedings for the recovery of any payment which has been received by any person in trust by virtue of section 298 and 299 […]
Section 299 Companies and Allied Matters Act (CAMA) 2020
Section 299 CAMA 2020 Section 299 Companies and Allied Matters Act is about Directors to disclose payment for loss of office, etc.,in certain cases. It is under Chapter 11 (Directors) of the Act. (1) Where, in connection with the transfer to any person of all orany of the shares in a company, being a transfer […]