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Section 153 CAMA 2020 Section 153 Companies and Allied Matters Act is about Effect of irregular allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Effect of irregular allotment (1) An allotment made by a public company before the holding of the…
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Section 152 CAMA 2020 Section 152 Companies and Allied Matters Act is about Payment on allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Payment on allotment Subject to the provisions of sections 160 – 163 of this Act, a company may,…
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Section 151 CAMA 2020 Section 151 Companies and Allied Matters Act is about Allotment as acceptance of contract. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Allotment as acceptance of contract An allotment of shares made and notified to an applicant in…
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Section 150 CAMA 2020 Section 150 Companies and Allied Matters Act is about Method of application and allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Method of application and allotment (1) Without prejudice to the provisions of the Investment and Securities…
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Section 149 CAMA 2020 Section 149 Companies and Allied Matters Act is about Authority to allot shares. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Authority to allot shares (1) The power to allot shares is vested in the company, and, in…
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Section 148 CAMA 2020 Section 148 Companies and Allied Matters Act is about Validation of improperly issued shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Validation of improperly issued shares (1) Where a company has purported to issue or allot shares…
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Section 147 CAMA 2020 Section 147 Companies and Allied Matters Act is about Issue of redeemable preference shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of redeemable preference shares (1) No company limited by shares shall, after the commencement of…
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Section 146 CAMA 2020 Section 146 Companies and Allied Matters Act is about Issue of shares at a discount. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of shares at a discount It is unlawful for a company to issue shares…
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Section 145 CAMA 2020 Section 145 Companies and Allied Matters Act is about Issue of shares at a premium. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of shares at a premium (1) Shares of a company may be issued at…
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Section 144 CAMA 2020 Section 144 Companies and Allied Matters Act is about Issue with rights attached. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue with rights attached Without prejudice to any special rights previously conferred on the holders of existing…