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Section 321 CAMA 2020 Section 321 Companies and Allied Matters Act is about Duty to notify the commission of changes. It is under Chapter 11 (Directors) of the Act. (1) A company shall, within 14 days from— (a) a person becoming or ceasing to be a director ; or (b) the occurrence of any change…
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Section 320 CAMA 2020 Section 320 Companies and Allied Matters Act is about Register of directors’ residential addresses. It is under Chapter 11 (Directors) of the Act. (1) Every company shall keep a register of directors’ residential addresses. (2) The register shall state the usual residential address of each of the company’s directors. (3) If…
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Section 319 CAMA 2020 Section 319 Companies and Allied Matters Act is about Particulars of directors to be registered. It is under Chapter 11 (Directors) of the Act. (1) A company’s register of directors shall contain, in the case ofan individual— (a) full name and any former name or names ; (b) service address ;…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…