Section 246 Companies and Allied Matters Act (CAMA) 2020
Section 246 CAMA 2020 Section 246 Companies and Allied Matters Act is about Additional notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. In addition to the notice required to be given to those entitled to receive it in accordance with the provisions of this Act every public company shall, at least 21 days […]
Section 245 Companies and Allied Matters Act (CAMA) 2020
Section 245 CAMA 2020 Section 245 Companies and Allied Matters Act is about Failure to give notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) Failure to give notice of any meeting to a person entitled to receive it invalidates the meeting unless such failure is an accidental omission on the part of […]
Section 244 Companies and Allied Matters Act (CAMA) 2020
Section 244 CAMA 2020 Section 244 Companies and Allied Matters Act is about Service of notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) A notice may be given by the company to any member either personally or by sending it by post to him or to his registered address, or (if he […]
Section 243 Companies and Allied Matters Act (CAMA) 2020
Section 243 CAMA 2020 Section 243 Companies and Allied Matters Act is about Persons entitled to notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) The following persons are entitled to receive notice of a general meeting—(a) every member ;(b) every person upon whom the ownership of a share devolves by reason of […]
Section 242 Companies and Allied Matters Act (CAMA) 2020
Section 242 CAMA 2020 Section 242 Companies and Allied Matters Act is about Contents of notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) The notice of a meeting shall specify the place, date and time of the meeting, and the general nature of the business to be transacted in sufficient detail to […]
Section 241 Companies and Allied Matters Act (CAMA) 2020
Section 241 CAMA 2020 Section 241 Companies and Allied Matters Act is about Length of notice for calling meetings. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act. (1) The notice required for all types of general meetings is 21 days from the date on which the notice was sent out. (2) A general meeting […]
Section 240 Companies and Allied Matters Act (CAMA) 2020
Section 240 CAMA 2020 Place of meeting (1) With the exception of small companies and companies having a single shareholder, all statutory and annual general meetings shall be held in Nigeria. (2) A private company may hold its general meetings electronically provided that such meetings are conducted in accordance with the articles of the company.
Section 239 Companies and Allied Matters Act (CAMA) 2020
Section 239 CAMA 2020 Extraordinary general meeting (1) The board of directors may convene an extraordinary general meeting whenever they deem fit, and if at any time they are not within Nigeria, sufficient directors capable of acting to form a quorum, any director may convene an extraordinary general meeting. (2) An extraordinary general meeting of […]
Section 238 Companies and Allied Matters Act (CAMA) 2020
Section 238 CAMA 2020 Businesses transacted at annual general meeting All businesses transacted at annual general meetings are deemed special business, except declaring a dividend, presentation of the financial statements and the reports of the directors and auditors, election of directors in the place of those retiring, the appointment, fixing of the remuneration of the […]
Section 237 Companies and Allied Matters Act (CAMA) 2020
Section 237 CAMA 2020 Annual general meeting (1) Except in the case of a small company or any company having a single shareholder, every company shall in each year hold a general meeting as its annual general meeting in addition to any other meeting in that year, and specify the meeting as such in the […]