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Section 270 Companies and Allied Matters Act (CAMA) 2020

Section 270 CAMA 2020

Section 270 Companies and Allied Matters Act is about Shadow director. It is under Chapter 11 (Directors) of the Act.

(1) Without prejudice to the provisions of sections 269 and 276 of this Act, and for the purposes of sections 279, 301 and 307 of this Act, “director” shall include any person on whose instructions and directions the Directors are accustomed to act.

(2) Subject to sections 301, 306 and 307 of this Act, nothing contained in section 276 of this Act is deemed to derogate from the duties or liabilities of the duly appointed directors.

(3) Where a person in his professional capacity gives advice and a director acts on it , that shall not be construed to make such a person under this Act a person in accordance with whose directions or instructions the director of a company is accustomed to act.

See also  Section 410 Companies and Allied Matters Act (CAMA) 2020

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