Section 59 CAMA 2020 Section 59 Companies and Allied Matters Act is about Recent allotment of shares for non-cash consideration. It is under Chapter 2 (Re-registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Recent allotment of shares for non-cash consideration (1) This section applies where the shares are…

Section 58 CAMA 2020 Section 58 Companies and Allied Matters Act is about Requirements as to net assets. It is under Chapter 2 (Re-registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Requirements as to net assets (1) A company applying to re-register as a public company shall obtain—…

Section 57 CAMA 2020 Section 57 Companies and Allied Matters Act is about Requirements as to share capital. It is under Chapter 2 (Re-registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Requirements as to share capital (1) The following requirements shall be met at the time the special…

Section 56 CAMA 2020 Section 56 Companies and Allied Matters Act is about Re-registration of private company as public. It is under Chapter 2 (Re-registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Re-registration of private company as public (1) A private company (whether limited or unlimited) may be…

Section 55 CAMA 2020 Section 55 Companies and Allied Matters Act is about Alteration of status by re-registration. It is under Chapter 2 (Re-registration Of Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act. Alteration of status by re-registration A company may by re-registration under this Part alter its status from—(a)…

Section 54 CAMA 2020 Section 54 Companies and Allied Matters Act is about Limitation of liability to contribute to share capital if memorandum, etc., altered. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Limitation of liability to contribute to share capital…

Section 53 CAMA 2020 Section 53 Companies and Allied Matters Act is about Alteration of articles. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Alteration of articles (1) Subject to the provisions of this Act and to the conditions or other…

Section 52 CAMA 2020 Section 52 Companies and Allied Matters Act is about Power to alter provisions in the memorandum in certain cases. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Power to alter provisions in the memorandum in certain cases…

Section 51 CAMA 2020 Section 51 Companies and Allied Matters Act is about Mode of alteration of business or objects. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Mode of alteration of business or objects (1) Where a company has stated…

Section 50 CAMA 2020 Section 50 Companies and Allied Matters Act is about Alteration of memorandum. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Alteration of memorandum (1) The name of the company shall not be altered except with the consent…