Section 174 Companies and Allied Matters Act 2020

Section 174 CAMA 2020

Section 174 Companies and Allied Matters Act is about Prohibition of bearer shares. It is under Share Certificates of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Prohibition of bearer shares

(1) No company has the power to issue bearer shares.

(2) For the purposes of this Act, a “bearer share” means a share which is represented by a certificate, warrant or other document (in any form or by whatever name called) which states or indicates that the bearer of the certificate is the owner of the shares.

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Section 174 Companies and Allied Matters Act 2020

Section 174 CAMA 2020

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