Section 26 CAMA 2020 Section 26 Companies and Allied Matters Act is about Company limited by guarantee. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Company limited by guarantee (1) Where a company is to be formed for the promotion of commerce, art,…

Section 25 CAMA 2020 Section 25 Companies and Allied Matters Act is about Unlimited company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Unlimited company An unlimited company shall be registered with a share capital not below the minimum issued share capital permitted…

Section 24 CAMA 2020 Section 24 Companies and Allied Matters Act is about Public company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Public company Any company other than a private company shall be a public company and its memorandum of association shall…

Section 23 CAMA 2020 Section 23 Companies and Allied Matters Act is about Consequences of default in complying with conditions constituting a private company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Consequences of default in complying with conditions constituting a private company…

Section 22 CAMA 2020 Section 22 Companies and Allied Matters Act, 2020, is about Private company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Private company (1) Private company is one which is stated in its memorandum of association to be a private…

Section 21 CAMA 2020 Section 21 Companies and Allied Matters Act, 2020, is about Types of companies. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Types of companies (1) An incorporated company may be a company— (a) having the liability of its members…

Section 20 CAMA 2020 Section 20 Companies and Allied Matters Act, 2020, is about Capacity of individual to form company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Capacity of individual to form company (1) Subject to subsection (2), an individual shall not…

Section 19 CAMA 2020 Section 19 Companies and Allied Matters Act, 2020, is about Association and Partnership of more than 20 members when permitted. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Association and Partnership of more than 20 members when permitted (1)…

Section 18 CAMA 2020 Section 18 Companies and Allied Matters Act is about Right to form a company. It is under Chapter 1 (Formation of Company) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act. Right to form a company (1) As from the commencement of this Act, any two or more…

Section 17 CAMA 2020 Section 17 Companies and Allied Matters Act, 2020, is about Pre-action notice and restriction on levy of execution. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act. Pre-action notice and restriction on levy of execution (1) A suit shall not be commenced against the Commission before the expiration of…