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 […]

Section 714 Companies and Allied Matters Act (CAMA) 2020

Section 714 CAMA 2020 Section 714 Companies and Allied Matters Act is about Arrangement on sale of company’s property during members’voluntary winding-up. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) With a view to effecting any arrangement, a company may by special resolution resolve that the company be put into members’ […]

Section 713 Companies and Allied Matters Act (CAMA) 2020

Section 713 CAMA 2020 Section 713 Companies and Allied Matters Act is about Provisions applicable to dissenting shareholders. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) This section applies where, in pursuance of any such scheme or contract, shares in a company are transferred to another company or its nominee, and […]

Section 712 Companies and Allied Matters Act (CAMA) 2020

Section 712 CAMA 2020 Section 712 Companies and Allied Matters Act is about Provisions applicable to schemes or contract involving transfer of shares in a company. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) Where a scheme or contract, not being a take-over bid under the Investment and Securities Act involving […]

Section 711 Companies and Allied Matters Act (CAMA) 2020

Section 711 CAMA 2020 Section 711 Companies and Allied Matters Act is about Arrangement or compromise between two or more companies. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) Where under a scheme proposed for a compromise,arrangement or reconstruction between two or more companies or the merger of any two or […]