Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home » Nigeria CAMA 2020 » Section 130 Companies and Allied Matters Act 2020

Section 130 Companies and Allied Matters Act 2020

Section 130 CAMA 2020

Section 130 Companies and Allied Matters Act is about Restriction on reduction of issued share capital. It is under Reduction of Share Capital of Chapter 7 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Restriction on reduction of issued share capital

(1) Except as authorised by this Act, a company having a share capital shall not reduce its issued share capital.

(2) For the purposes of this section and other sections relating to reduction of share capital, any issue of share capital shall include the share premium account and any capital redemption reserve account of a company, and ‘‘issued share capital’’ shall be construed accordingly.

See also  Section 55 Companies and Allied Matters Act 2020

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub
LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others
error: Content is protected !!