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.
