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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.

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See also  Section 857 Companies and Allied Matters Act (CAMA) 2020

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