Section 275 Companies and Allied Matters Act (CAMA) 2020
Section 275 CAMA 2020 Section 275 Companies and Allied Matters Act is about Independent directors in public companies. It is under Chapter 11 (Directors) of the Act. (1) A public company shall have at least three independent directors. (2) In a public company, any person who nominates candidates for the board who would comprise a […]
Section 274 Companies and Allied Matters Act (CAMA) 2020
Section 274 CAMA 2020 Section 274 Companies and Allied Matters Act is about Casual vacancy. It is under Chapter 11 (Directors) of the Act. (1) The Board of directors may appoint new directors to fill anycasual vacancy arising out of death, resignation, retirement or removal. (2) Where a casual vacancy is filled by the directors, […]
Section 273 Companies and Allied Matters Act (CAMA) 2020
Section 273 CAMA 2020 Section 273 Companies and Allied Matters Act is about Subsequent appointment of directors. It is under Chapter 11 (Directors) of the Act. (1) The members at the annual general meeting may re-elect or reject directors and appoint new ones. (2) In the event of all the directors and shareholders dying, any […]
Section 272 Companies and Allied Matters Act (CAMA) 2020
Section 272 CAMA 2020 Section 272 Companies and Allied Matters Act is about Appointment Of first directors. It is under Chapter 11 (Directors) of the Act. Subject to section 271 of this Act, the number of directors and the names of the first directors shall be determined in writing by the subscribers of the memorandum […]
Section 271 Companies and Allied Matters Act (CAMA) 2020
Section 271 CAMA 2020 Section 271 Companies and Allied Matters Act is about Number of directors. It is under Chapter 11 (Directors) of the Act. (1) Every company, not being a small, company shall have at least two directors. (2) Subject to subsection (1), any company whose number of directors falls below two shall, within one month of its […]
Section 270 Companies and Allied Matters Act (CAMA) 2020
Section 270 CAMA 2020 Section 270 Companies and Allied Matters Act is about Shadow director. It is under Chapter 11 (Directors) of the Act. (1) Without prejudice to the provisions of sections 269 and 276 of this Act, and for the purposes of sections 279, 301 and 307 of this Act, “director” shall include any person on whose instructions […]
Section 269 Companies and Allied Matters Act (CAMA) 2020
Section 269 CAMA 2020 Section 269 Companies and Allied Matters Act is about Meaning of directors. It is under Chapter 11 (Directors) of the Act. (1) A Director of a company registered under this Act is a person duly appointed by the company to direct and manage the business of the company. (2) There is a rebuttable presumption in […]
Section 268 Companies and Allied Matters Act (CAMA) 2020
Section 268 CAMA 2020 Section 268 Companies and Allied Matters Act is about Class meetings. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. The provisions of the foregoing sections apply to any class meetings except where expressly excluded by this Act.
Section 267 Companies and Allied Matters Act (CAMA) 2020
Section 267 CAMA 2020 Section 267 Companies and Allied Matters Act is about Inspection of minute books and copies. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) The books containing the minutes of proceedings of any general meeting of a company held on or after the commencement of this Act, shall be kept […]
Section 266 Companies and Allied Matters Act (CAMA) 2020
Section 266 CAMA 2020 Section 266 Companies and Allied Matters Act is about Minutes of proceedings and effect. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) With the exception of a company having a single member, every company shall cause minutes of all proceedings—(a) of general meetings,(b) at meetings of its directors, and(c) […]