Section 724 Companies and Allied Matters Act (CAMA) 2020
Section 724 CAMA 2020 Section 724 Companies and Allied Matters Act is about Application of Act to companies registered under former enactments. It is under Chapter 29 (Miscellaneous and supplemental application of this part) of the Act. In its application to existing companies, this Act shall apply in thesame manner— (a) in the case of […]
Section 723 Companies and Allied Matters Act (CAMA) 2020
Section 723 CAMA 2020 Section 723 Companies and Allied Matters Act is about Act to override memorandum and articles. It is under Chapter 29 (Miscellaneous and supplemental application of this part) of the Act. (1) Except as otherwise expressly provided in this Act— (a) the provisions of this Act shall have effect notwithstanding anything to […]
Section 722 Companies and Allied Matters Act (CAMA) 2020
Section 722 CAMA 2020 Section 722 Companies and Allied Matters Act is about Application of this Part. It is under Chapter 29 (Miscellaneous and supplemental application of this part) of the Act. (1) Except as otherwise provided, Part B of this Act, applies to— (a) all companies formed and registered under this Act ; (b) […]
Section 721 Companies and Allied Matters Act (CAMA) 2020
Section 721 CAMA 2020 Section 721 Companies and Allied Matters Act is about Enforceability of netting agreements. It is under Chapter 28 (Netting) of the Act. (1) The provisions of a netting agreement is enforceable in accordance with their terms, including against an insolvent party, and, where applicable, against a guarantor or other person providing […]
Section 720 Companies and Allied Matters Act (CAMA) 2020
Section 720 CAMA 2020 Section 720 Companies and Allied Matters Act is about Enforceability of a qualified financial contract. It is under Chapter 28 (Netting) of the Act. A qualified financial contract shall not be and shall be deemed never to have been void or unenforceable by reason of the Gaming Machines(Prohibition) Act or any […]
Section 719 Companies and Allied Matters Act (CAMA) 2020
Section 719 CAMA 2020 Section 719 Companies and Allied Matters Act is about Powers of a financial regulatory authority. It is under Chapter 28 (Netting) of the Act. A financial regulatory authority may, in relation to the relevant sector it regulates, by notice issued under this section, designate as “qualified financial contracts” any agreement, contract […]
Section 718 Companies and Allied Matters Act (CAMA) 2020
Section 718 CAMA 2020 Section 718 Companies and Allied Matters Act is about Definition of applicable concepts. It is under Chapter 28 (Netting) of the Act. In this Chapter—“financial regulatory authority” means— (a) the Central Bank of Nigeria ; (b) the Securities and Exchange Commission ; (c) the National Insurance Commission ; (d) the National […]
Section 717 Companies and Allied Matters Act (CAMA) 2020
Section 717 CAMA 2020 Section 717 Companies and Allied Matters Act is about Moratorium on creditors voluntary winding-up in a scheme of arrangement. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) No winding-up petition or enforcement action by a creditor(secured or unsecured) shall be entertained against any company or its assets […]
Section 716 Companies and Allied Matters Act (CAMA) 2020
Section 716 CAMA 2020 Section 716 Companies and Allied Matters Act is about Information as to compromise with creditors and members. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) Where a meeting of creditors or any class of creditors or of members or any class of members is summoned under section […]
Section 715 Companies and Allied Matters Act (CAMA) 2020
Section 715 CAMA 2020 Section 715 Companies and Allied Matters Act is about Power to compromise with creditors and members. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) Where a compromise or arrangement is proposed between a company and its creditors or any class of them, the Court may, on the […]