Home » Nigeria » Nigeria CAMA 2020 » Section 196 Companies and Allied Matters Act (CAMA) 2020

Section 196 Companies and Allied Matters Act (CAMA) 2020

Section 196 CAMA 2020

Perpetual debentures

A company may issue perpetual debentures, and a condition contained in any debenture, or in any deed for securing any debentures, shall not be invalid by reason only that the debentures are made irredeemable or redeemable only on the happening of a contingency, however remote, or on
the expiration of a period, however long, any rule of equity to the contrary notwithstanding.

See also  Section 23 Companies and Allied Matters Act 2020

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others