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Home » Nigeria CAMA 2020 » Section 141 Companies and Allied Matters Act 2020

Section 141 Companies and Allied Matters Act 2020

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.

See also  Section 22 Companies and Allied Matters Act 2020

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