Section 141 CAMA 2020

Section 141 Companies and Allied Matters Act is about Power of companies to issue shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Power of companies to issue shares

Subject to any limitation in the articles of a company with respect to the number of shares which may be issued, and any pre-emptive rights prescribed in the articles in relation to the shares, a company has the power, at such times and for such consideration as it shall determine to issue shares.