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…

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…

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…

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…

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…

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…

Section 143 CAMA 2020 Section 143 Companies and Allied Matters Act is about Issue of classes of shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of classes of shares (1) A company may, where so authorised by its articles, issue…

Section 142 CAMA 2020 Section 142 Companies and Allied Matters Act is about Pre-emptive rights of existing shareholders. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Pre-emptive rights of existing shareholders (1) A company shall not in any event allot newly issued…

Section 141 CAMA 2020 Section 141 Companies and Allied Matters Act is about Power of companies to issue shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Power of companies to issue shares Subject to any limitation in the articles of a…

Section 140 CAMA 2020 Section 140 Companies and Allied Matters Act is about Prohibition of non-voting and weighted shares. It is under Chapter 8 (Shares and Nature of Shares) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Prohibition of non-voting and weighted shares (1) Unless otherwise provided by any other enactment,…