Section 46 CAMA 2020 Section 46 Companies and Allied Matters Act is about Effect of memorandum and articles. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Effect of memorandum and articles (1) Subject to the provisions of this Act, the memorandum…

Section 45 CAMA 2020 Section 45 Companies and Allied Matters Act is about Effect of reliance on restrictions in the memorandum. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Effect of reliance on restrictions in the memorandum (1) Where there is…

Section 44 CAMA 2020 Section 44 Companies and Allied Matters Act is about Effect of ultra vires acts. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Effect of ultra vires acts (1) A company shall not, carry on any business expressly…

Section 43 CAMA 2020 Section 43 Companies and Allied Matters Act is about Powers of companies and prohibition of donations for political purpose. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Powers of companies and prohibition of donations for political purpose…

Section 42 CAMA 2020 Section 42 Companies and Allied Matters Act is about Effect of registration. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Effect of registration As from the date of incorporation mentioned in the certificate of incorporation, the subscriber of the…

Section 41 CAMA 2020 Section 41 Companies and Allied Matters Act is about Registration. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Registration (1) The Commission shall register the memorandum and articles unless in its opinion—(a) they do not comply with the provisions…

Section 40 CAMA 2020 Section 40 Companies and Allied Matters Act is about Statement of compliance. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Statement of compliance (1) The statement of compliance required to be delivered to the Commission is a statement by…

Section 39 CAMA 2020 Section 39 Companies and Allied Matters Act is about Statement of proposed Directors. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Statement of proposed Directors (1) The statement of the company’s proposed directors required to be delivered to the…

Section 38 CAMA 2020 Section 38 Companies and Allied Matters Act is about Statement of guarantee. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Statement of guarantee (1) The statement of guarantee required to be delivered in the case of a company that…

Section 37 CAMA 2020 Section 37 Companies and Allied Matters Act is about Statement of capital and initial shareholdings. It is under Chapter 1 (Registration Of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Statement of capital and initial shareholdings (1) The statement of initial issued share capital and initial…