Section 160 Companies and Allied Matters Act 2020

Section 160 CAMA 2020

Section 160 Companies and Allied Matters Act is about Payment for shares. It is under Call on and Payment for Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Payment for shares

Subject to the provisions of sections 161 and 162, the shares of a company and any premium on them shall be paid up in cash, or where the articles so permit, by a valuable consideration other than cash or partly in cash and partly by a valuable consideration other than cash.

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Section 160 Companies and Allied Matters Act 2020

Section 160 CAMA 2020

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