Section 279 Companies and Allied Matters Act (CAMA) 2020
Section 279 CAMA 2020 Section 279 Companies and Allied Matters Act is about Provisions as to insolvent persons acting as directors. It is under Chapter 11 (Directors) of the Act. (1) If any person, being an insolvent person, acts as director of or directly or indirectly takes part in, or is concerned in the management […]
Section 278 Companies and Allied Matters Act (CAMA) 2020
Section 278 CAMA 2020 Section 278 Companies and Allied Matters Act is about Duty Of Directors to disclose age and multiple directorship to the company. It is under Chapter 11 (Directors) of the Act. (1) Any person who is appointed or to his knowledge proposed to be appointed director of a public company and who […]
Section 277 Companies and Allied Matters Act (CAMA) 2020
Section 277 CAMA 2020 Section 277 Companies and Allied Matters Act is about Share qualification of directors. It is under Chapter 11 (Directors) of the Act. (1) The shareholding qualification for directors may be fixed bythe articles of association of the company and unless so fixed no shareholding qualification shall be required. (2) It is […]
Section 276 Companies and Allied Matters Act (CAMA) 2020
Section 276 CAMA 2020 Section 276 Companies and Allied Matters Act is about Liability of a person where not duly appointed. It is under Chapter 11 (Directors) of the Act. Where a person not duly appointed as a director acts as such on behalf of the company, his act does not bind the company and […]
Section 275 Companies and Allied Matters Act (CAMA) 2020
Section 275 CAMA 2020 Section 275 Companies and Allied Matters Act is about Independent directors in public companies. It is under Chapter 11 (Directors) of the Act. (1) A public company shall have at least three independent directors. (2) In a public company, any person who nominates candidates for the board who would comprise a […]
Section 274 Companies and Allied Matters Act (CAMA) 2020
Section 274 CAMA 2020 Section 274 Companies and Allied Matters Act is about Casual vacancy. It is under Chapter 11 (Directors) of the Act. (1) The Board of directors may appoint new directors to fill anycasual vacancy arising out of death, resignation, retirement or removal. (2) Where a casual vacancy is filled by the directors, […]
Section 273 Companies and Allied Matters Act (CAMA) 2020
Section 273 CAMA 2020 Section 273 Companies and Allied Matters Act is about Subsequent appointment of directors. It is under Chapter 11 (Directors) of the Act. (1) The members at the annual general meeting may re-elect or reject directors and appoint new ones. (2) In the event of all the directors and shareholders dying, any […]
Section 272 Companies and Allied Matters Act (CAMA) 2020
Section 272 CAMA 2020 Section 272 Companies and Allied Matters Act is about Appointment Of first directors. It is under Chapter 11 (Directors) of the Act. Subject to section 271 of this Act, the number of directors and the names of the first directors shall be determined in writing by the subscribers of the memorandum […]
Section 271 Companies and Allied Matters Act (CAMA) 2020
Section 271 CAMA 2020 Section 271 Companies and Allied Matters Act is about Number of directors. It is under Chapter 11 (Directors) of the Act. (1) Every company, not being a small, company shall have at least two directors. (2) Subject to subsection (1), any company whose number of directors falls below two shall, within one month of its […]
Section 270 Companies and Allied Matters Act (CAMA) 2020
Section 270 CAMA 2020 Section 270 Companies and Allied Matters Act is about Shadow director. It is under Chapter 11 (Directors) of the Act. (1) Without prejudice to the provisions of sections 269 and 276 of this Act, and for the purposes of sections 279, 301 and 307 of this Act, “director” shall include any person on whose instructions […]