Section 152 Companies and Allied Matters Act 2020

Section 152 CAMA 2020 Section 152 Companies and Allied Matters Act is about Payment on allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Payment on allotment Subject to the provisions of sections 160 – 163 of this Act, a company may, […]

Section 151 Companies and Allied Matters Act 2020

Section 151 CAMA 2020 Section 151 Companies and Allied Matters Act is about Allotment as acceptance of contract. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Allotment as acceptance of contract An allotment of shares made and notified to an applicant in […]

Section 150 Companies and Allied Matters Act 2020

Section 150 CAMA 2020 Section 150 Companies and Allied Matters Act is about Method of application and allotment. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Method of application and allotment (1) Without prejudice to the provisions of the Investment and Securities […]

Section 149 Companies and Allied Matters Act 2020

Section 149 CAMA 2020 Section 149 Companies and Allied Matters Act is about Authority to allot shares. It is under Allotment of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Authority to allot shares (1) The power to allot shares is vested in the company, and, in […]

Section 148 Companies and Allied Matters Act 2020

Section 148 CAMA 2020 Section 148 Companies and Allied Matters Act is about Validation of improperly issued shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Validation of improperly issued shares (1) Where a company has purported to issue or allot shares […]

Section 147 Companies and Allied Matters Act 2020

Section 147 CAMA 2020 Section 147 Companies and Allied Matters Act is about Issue of redeemable preference shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of redeemable preference shares (1) No company limited by shares shall, after the commencement of […]

Section 146 Companies and Allied Matters Act 2020

Section 146 CAMA 2020 Section 146 Companies and Allied Matters Act is about Issue of shares at a discount. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of shares at a discount It is unlawful for a company to issue shares […]

Section 145 Companies and Allied Matters Act 2020

Section 145 CAMA 2020 Section 145 Companies and Allied Matters Act is about Issue of shares at a premium. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of shares at a premium (1) Shares of a company may be issued at […]

Section 144 Companies and Allied Matters Act 2020

Section 144 CAMA 2020 Section 144 Companies and Allied Matters Act is about Issue with rights attached. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue with rights attached Without prejudice to any special rights previously conferred on the holders of existing […]

Section 143 Companies and Allied Matters Act 2020

Section 143 CAMA 2020 Section 143 Companies and Allied Matters Act is about Issue of classes of shares. It is under Issue Of Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act. Issue of classes of shares (1) A company may, where so authorised by its articles, issue […]