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Section 135 CAMA 2020 Section 135 Companies and Allied Matters Act is about Liability of members on reduced shares. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Liability of members on reduced shares (1) Where a company’s share capital is reduced,…
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Section 134 CAMA 2020 Section 134 Companies and Allied Matters Act is about Registration of order and minutes of reduction. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Registration of order and minutes of reduction (1) The Commission, on delivery to…
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Section 133 CAMA 2020 Section 133 Companies and Allied Matters Act is about Court order confirming reduction. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Court order confirming reduction (1) The Court, if satisfied—(a) with respect to every creditor of the…
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Section 132 CAMA 2020 Section 132 Companies and Allied Matters Act is about Application to Court for Order of Confirmation. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Application to Court for Order of Confirmation (1) Where a company has passed…
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Section 131 CAMA 2020 Section 131 Companies and Allied Matters Act is about Special resolution for reduction of share capital. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Special resolution for reduction of share capital (1) Subject to confirmation by the…
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Section 130 CAMA 2020 Section 130 Companies and Allied Matters Act is about Restriction on reduction of issued share capital. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Restriction on reduction of issued share capital (1) Except as authorised by this…
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Section 129 CAMA 2020 Section 129 Companies and Allied Matters Act is about Power for unlimited company to provide reserve share capital on reregistration. It is under Chapter 7 (Share Capital) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Power for unlimited company to provide reserve share capital on reregistration If…
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Section 128 CAMA 2020 Section 128 Companies and Allied Matters Act is about Increase of issued capital on increase of shares. It is under Chapter 7 (Share Capital) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Increase of issued capital on increase of shares (1) Where a company allots new shares,…
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Section 124 CAMA 2020 Section 124 Companies and Allied Matters Act is about Minimum issued share capital. It is under Chapter 7 (Share Capital) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Minimum issued share capital (1) Where, after the commencement of this Act, a memorandum delivered to the Commission under…
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Section 123 CAMA 2020 Section 123 Companies and Allied Matters Act is about Registration of interests to be disclosed. It is under Disclosure of Persons With Significant Control of Chapter 6 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Registration of interests to be disclosed The matter relating to beneficial interests…