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Home » Nigeria CAMA 2020 » Section 49 Companies and Allied Matters Act 2020

Section 49 Companies and Allied Matters Act 2020

Section 49 CAMA 2020

Section 49 Companies and Allied Matters Act is about Restriction on alteration of memorandum. It is under Chapter 1 (Capacity and Powers of Companies) of PART B (INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS) of the Act.

Restriction on alteration of memorandum

(1) A company may not alter the conditions contained in its memorandum except in the cases and in the manner and to the extent for which express provision is made in this Act.

(2) Only those provisions which are required by section 27 or by any other specific provision contained in this Act, to be stated in the memorandum of the company concerned, are deemed to be conditions contained in its memorandum.

See also  Section 253 Companies and Allied Matters Act (CAMA) 2020

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