Section 159 CAMA 2020 Section 159 Companies and Allied Matters Act is about Reserve liability of company having share capital. It is under Call on and Payment for Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Reserve liability of company having share capital A company limited by…

Section 158 CAMA 2020 Section 158 Companies and Allied Matters Act is about Call on shares. It is under Call on and Payment for Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Call on and Payment for Shares (1) Subject to the terms of the issue of…

Section 157 CAMA 2020 Section 157 Companies and Allied Matters Act is about Statement in balance sheet as to Commission. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Statement in balance sheet as to Commission (1) Where a company has paid any…

Section 156 CAMA 2020 Section 156 Companies and Allied Matters Act is about Power to pay Commission in certain cases. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Power to pay Commission in certain cases (1) A company may pay a commission…

Section 155 CAMA 2020 Section 155 Companies and Allied Matters Act is about Prohibition of payments of commissions, discounts out of shares and capital. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Prohibition of payments of commissions, discounts out of shares and…

Section 154 CAMA 2020 Section 154 Companies and Allied Matters Act is about Return as to allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Return as to allotment (1) Whenever a company limited by shares makes any allotment of its shares,…

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…

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,…

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…

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…