Section 302 Companies and Allied Matters Act (CAMA) 2020
Section 302 CAMA 2020 Section 302 Companies and Allied Matters Act is about General duty to give notice, etc. It is under Chapter 11 (Directors) of the Act. (1) It is the duty of any director of a company to give notice to the company of such matters relating to himself as may be necessary […]
Section 301 Companies and Allied Matters Act (CAMA) 2020
Section 301 CAMA 2020 Section 301 Companies and Allied Matters Act is about Register of directors’ shareholding, etc. It is under Chapter 11 (Directors) of the Act. (1) Every company shall keep a register showing as respectseach director of the company (not being its holding company) the number,description and amount of shares in, debentures of […]
Section 300 Companies and Allied Matters Act (CAMA) 2020
Section 300 CAMA 2020 Section 300 Companies and Allied Matters Act is about Provisions supplementary to sections 298 to 299. It is under Chapter 11 (Directors) of the Act. (1) Where, in proceedings for the recovery of any payment which has been received by any person in trust by virtue of section 298 and 299 […]
Section 299 Companies and Allied Matters Act (CAMA) 2020
Section 299 CAMA 2020 Section 299 Companies and Allied Matters Act is about Directors to disclose payment for loss of office, etc.,in certain cases. It is under Chapter 11 (Directors) of the Act. (1) Where, in connection with the transfer to any person of all orany of the shares in a company, being a transfer […]
Section 298 Companies and Allied Matters Act (CAMA) 2020
Section 298 CAMA 2020 Section 298 Companies and Allied Matters Act is about Payment to director for loss of office, etc.,or transfer of property illegal. It is under Chapter 11 (Directors) of the Act. (1) If in connection with the transfer of the whole, or any part of the undertaking or property of a company, […]
Section 297 Companies and Allied Matters Act (CAMA) 2020
Section 297 CAMA 2020 Section 297 Companies and Allied Matters Act is about Payment by company for loss of office to be approved. It is under Chapter 11 (Directors) of the Act. A company shall not make to any director of the company any payment by way of compensation for loss of office, or as […]
Section 296 Companies and Allied Matters Act (CAMA) 2020
Section 296 CAMA 2020 Section 296 Companies and Allied Matters Act is about Prohibition of loans to directors in certain circumstances. It is under Chapter 11 (Directors) of the Act. (1) It is not lawful for a company to make a loan to any person who is its director or a director of its holding […]
Section 295 Companies and Allied Matters Act (CAMA) 2020
Section 295 CAMA 2020 Section 295 Companies and Allied Matters Act is about Prohibition of tax- free payments to directors. It is under Chapter 11 (Directors) of the Act. (1) It is not lawful for a company to pay a director remuneration(whether as director or otherwise) free of income tax, or calculated by reference to […]
Section 294 Companies and Allied Matters Act (CAMA) 2020
Section 294 CAMA 2020 Section 294 Companies and Allied Matters Act is about Renumeration of a managing director. It is under Chapter 11 (Directors) of the Act. (1) A managing director receives such remuneration (whetherby way of salary, commission, participation in profits, or partly in one way and in another) as the directors may determine. […]
Section 293 Companies and Allied Matters Act (CAMA) 2020
Section 293 CAMA 2020 Section 293 Companies and Allied Matters Act is about Renumeration of directors. It is under Chapter 11 (Directors) of the Act. (1) The remuneration of the directors is determined by the company in general meeting and such remuneration is deemed to accrue from day-to-day. (2) The directors may also be paid […]