Home » Nigeria » Nigeria CAMA 2020 » Section 85 Companies and Allied Matters Act 2020

Section 85 Companies and Allied Matters Act 2020

Section 85 CAMA 2020

Section 85 Companies and Allied Matters Act is about Persons promoting a company. It is under Chapter 4 (Promoters) of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Persons promoting a company

Any person who undertakes to take part in forming a company with reference to a given project and set it going and who takes the necessary steps to accomplish that purpose, or who, with regard to a proposed or newly formed company, undertakes a part in raising capital for it, is deemed a promoter of the company : Provided that a person acting in a professional capacity for persons engaged in procuring the formation of the company shall not be deemed to be a promoter.

See also  Section 134 Companies and Allied Matters Act 2020

More Posts

7 U.S. Code § 136o: Imports and exports

7 U.S. Code § 136o 7 U.S. Code § 136o is about Imports and exports. It is under Subchapter II (Environmental Pesticide Control) of Chapter 6 (Insecticides And Environmental

7 U.S. Code § 136m: Indemnities

7 U.S. Code § 136m 7 U.S. Code § 136m is about Indemnities. It is under Subchapter II (Environmental Pesticide Control) of Chapter 6 (Insecticides And Environmental Pesticide Control)

7 U.S. Code § 136l: Penalties

7 U.S. Code § 136l 7 U.S. Code § 136l is about Penalties. It is under Subchapter II (Environmental Pesticide Control) of Chapter 6 (Insecticides And Environmental Pesticide Control)

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Your email address will not be published.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