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Section 20 CAMA 2020 Section 20 Companies and Allied Matters Act, 2020, is about Capacity of individual to form company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Capacity of individual to form company (1) Subject to subsection (2), an individual shall not…
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Section 19 CAMA 2020 Section 19 Companies and Allied Matters Act, 2020, is about Association and Partnership of more than 20 members when permitted. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Association and Partnership of more than 20 members when permitted (1)…
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Section 18 CAMA 2020 Section 18 Companies and Allied Matters Act is about Right to form a company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Right to form a company (1) As from the commencement of this Act, any two or more…
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Section 17 CAMA 2020 Section 17 Companies and Allied Matters Act, 2020, is about Pre-action notice and restriction on levy of execution. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Pre-action notice and restriction on levy of execution (1) A suit shall not be commenced against the Commission before the expiration of…
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Section 16 CAMA 2020 Section 16 Companies and Allied Matters Act, 2020, is about Annual report. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Annual report The Commission shall, not later than 30th June in each year, submit to the Minister a report on the activities of the Commission during the immediate…
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Section 15 CAMA 2020 Section 15 Companies and Allied Matters Act, 2020, is about Annual accounts, audit and estimates. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Annual accounts, audit and estimates (1) The financial year of the Commission starts on the 1st day of January and end on the 31st day…
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Section 14 CAMA 2020 Section 14 Companies and Allied Matters Act, 2020, is about Expenditure of the Commission. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Expenditure of the Commission The Commission may apply the proceeds of the Fund—(a) to the cost of administration of the Commission;(b) for re-imbursing members of the…
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Section 13 CAMA 2020 Section 13 Companies and Allied Matters Act, 2020, is about Fund of the Commission. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Fund of the Commission The Commission shall establish a fund (in this Act referred to as “the Fund”) which shall consist of —(a) money as may…
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Section 12 CAMA 2020 Section 12 Companies and Allied Matters Act, 2020, is about Service in the Commission to be pensionable. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. (1) Service in the Commission shall be approved service for the purpose of the Pensions Reform Act (or any amendment thereto or reenactment…
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Section 11 CAMA 2020 Section 11 Companies and Allied Matters Act, 2020, is about Right to appear in Court. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Right to appear in Court Notwithstanding the provisions of any enactment to the contrary, a person appointed to the office of Registrar-General under section 9…