Section 86 CAMA 2020 Section 86 Companies and Allied Matters Act is about Duties and liabilities of a promoter. It is under Chapter 4 (Promoters) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Duties and liabilities of a promoter (1) A promoter stands in a fiduciary relationship to the company and…

Section 85 CAMA 2020 Section 85 Companies and Allied Matters Act is about Persons promoting a company. It is under Chapter 4 (Promoters) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Persons promoting a company Any person who undertakes to take part in forming a company with reference to a given…

Section 84 CAMA 2020 Section 84 Companies and Allied Matters Act is about Application of certain sections to foreign companies. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Application of certain sections to foreign companies Except as provided under sections 80, 81 and 82…

Section 83 CAMA 2020 Section 83 Companies and Allied Matters Act is about Penalties for false information. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Penalties for false information (1) A person who, for the purpose of obtaining an exemption or of complying with…

Section 82 CAMA 2020 Section 82 Companies and Allied Matters Act is about Exempted foreign company to have status of unregistered company. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Exempted foreign company to have status of unregistered company Subject to this Act and…

Section 81 CAMA 2020 Section 81 Companies and Allied Matters Act is about Annual report. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Annual report (1) Every exempted foreign company shall deliver to the Commission, in every calendar year, a report in the form…

Section 80 CAMA 2020 Section 80 Companies and Allied Matters Act is about Power to exempt foreign companies. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Power to exempt foreign companies (1) A foreign company may apply to the Minister for exemption from the…

Section 79 CAMA 2020 Section 79 Companies and Allied Matters Act is about Penalties. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Penalties If any foreign company fails to comply with the requirements of section 80 of this Act in so far as they…

Section 78 CAMA 2020 Section 78 Companies and Allied Matters Act is about Foreign Companies intending to carry on business in Nigeria. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Foreign Companies intending to carry on business in Nigeria (1) Subject to sections 80-83…

Section 77 CAMA 2020 Section 77 Companies and Allied Matters Act is about Issue of certificate of incorporation on re-registration of a public company as an unlimited company. It is under Chapter 2 (Re-registration Of Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of certificate of incorporation on re-registration…