Section 8 CAMA 2020

Section 8 Companies and Allied Matters Act, 2020, is about Functions of the Commission. It is under PART A (CORPORATE AFFAIRS COMMISSION) of the Act.

Functions of the Commission

(1) The functions of the Commission shall be to—
(a) administer this Act, including the registration, regulation and supervision of—
(i) the formation, incorporation, management, striking off and windingup of companies,
(ii) business names, management and removal of names from the register, and
(iii) the formation, incorporation, management and dissolution of incorporated trustees ;

(b) establish and maintain a company’s registry and office in each State of the Federation suitably and adequately equipped to perform its functions under this Act or any other law ;

(c) arrange or conduct an investigation into the affairs of any company, incorporated trustees or business names where the interest of shareholders, members, partners or public so demands;

(d) ensure compliance by companies, business names and incorporated trustees with the provisions of this Act and such other regulations as may be made by the Commission;

(e) perform such other functions as may be specified in this Act or any other law ; and

(f ) undertake such other activities as are necessary or expedient to give full effect to the provisions of this Act.

(2) Nothing in this section affects the powers, duties or jurisdiction of the Securities and Exchange Commission under the Investments and Securities Act (or any amendment thereto or re-enactment thereof).