Section 174 CAMA 2020

Section 174 Companies and Allied Matters Act is about Prohibition of bearer shares. It is under Share Certificates of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Prohibition of bearer shares

(1) No company has the power to issue bearer shares.

(2) For the purposes of this Act, a “bearer share” means a share which is represented by a certificate, warrant or other document (in any form or by whatever name called) which states or indicates that the bearer of the certificate is the owner of the shares.