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Section 261 Companies and Allied Matters Act (CAMA) 2020

Section 261 CAMA 2020

Section 261 Companies and Allied Matters Act is about Resolutions requiring special notice. It is under Chapter 10 (Meetings and Proceedings of Companies) of the Act.

Where by any provision contained in this Act, special notice is required of a resolution, the resolution is not effective unless notice of the intention to move it has been given to the company at least 28 days before the meeting at which it is to be moved, and the company shall give its members notice of any
such resolution at the same time and in the same manner as it gives notice of the meeting, or if that is not practicable, shall give them notice thereof, either by advertisement in a newspaper having an appropriate circulation, or in any other mode allowed by the articles, at least 21 days before the meeting :
Provided that if, after notice of the intention to move such a resolution has been given to the company, a meeting is called for a date 28 days or less after the notice has been given, the notice, though not given within the time required by this section, is deemed to have been properly given.

See also  Section 199 Companies and Allied Matters Act (CAMA) 2020

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