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Home » Nigeria CAMA 2020 » Section 88 Companies and Allied Matters Act 2020

Section 88 Companies and Allied Matters Act 2020

Section 88 CAMA 2020

Section 88 Companies and Allied Matters Act is about Delegation to committees and managing directors. It is under Chapter 5 (Acts by or on Behalf of the Company Exercise of Company’s Powers) of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Delegation to committees and managing directors

Unless otherwise provided in this Act or in the articles, the board of directors may—
(a) exercise its powers through committees consisting of such members of their body as they think fit ; or
(b) from time to time, appoint one or more of its members to the office of managing director and may delegate all or any of its powers to such managing director.

See also  Section 33 Companies and Allied Matters Act 2020

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