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Home » Nigeria CAMA 2020 » Section 18 Companies and Allied Matters Act 2020

Section 18 Companies and Allied Matters Act 2020

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 persons may form and incorporate a company by complying with the requirements of this Act in respect of registration of the company.

(2) Notwithstanding subsection (1), one person may form and incorporate a private company by complying with the requirements of this Act in respect of private companies.

(3) A company may not be formed or incorporated for an unlawful
purpose.

See also  Section 30 Companies and Allied Matters Act 2020

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