Section 282 Companies and Allied Matters Act (CAMA) 2020
Section 282 CAMA 2020 Section 282 Companies and Allied Matters Act is about Right to appoint a director at any age. It is under Chapter 11 (Directors) of the Act. Subject to the provisions of this Act, a person may be appointed a director of a public company notwithstanding that he is 70 years or […]
Section 281 Companies and Allied Matters Act (CAMA) 2020
Section 281 CAMA 2020 Section 281 Companies and Allied Matters Act is about Appointment of director for life. It is under Chapter 11 (Directors) of the Act. A person may be appointed a director for life provided that he shall be removable under section 288 of this Act.
Section 280 Companies and Allied Matters Act (CAMA) 2020
Section 280 CAMA 2020 Section 280 Companies and Allied Matters Act is about Restraint of fraudulent persons. It is under Chapter 11 (Directors) of the Act. (1) Where— (a) a person is convicted by a High Court of any offence in connection with the promotion, formation or management of a company, or(b) in the course […]
Section 279 Companies and Allied Matters Act (CAMA) 2020
Section 279 CAMA 2020 Section 279 Companies and Allied Matters Act is about Provisions as to insolvent persons acting as directors. It is under Chapter 11 (Directors) of the Act. (1) If any person, being an insolvent person, acts as director of or directly or indirectly takes part in, or is concerned in the management […]
Section 278 Companies and Allied Matters Act (CAMA) 2020
Section 278 CAMA 2020 Section 278 Companies and Allied Matters Act is about Duty Of Directors to disclose age and multiple directorship to the company. It is under Chapter 11 (Directors) of the Act. (1) Any person who is appointed or to his knowledge proposed to be appointed director of a public company and who […]
Section 277 Companies and Allied Matters Act (CAMA) 2020
Section 277 CAMA 2020 Section 277 Companies and Allied Matters Act is about Share qualification of directors. It is under Chapter 11 (Directors) of the Act. (1) The shareholding qualification for directors may be fixed bythe articles of association of the company and unless so fixed no shareholding qualification shall be required. (2) It is […]
Section 276 Companies and Allied Matters Act (CAMA) 2020
Section 276 CAMA 2020 Section 276 Companies and Allied Matters Act is about Liability of a person where not duly appointed. It is under Chapter 11 (Directors) of the Act. Where a person not duly appointed as a director acts as such on behalf of the company, his act does not bind the company and […]
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 […]