Section 99 CAMA 2020
Section 99 Companies and Allied Matters Act is about Official seal for use abroad. It is under Company’s Contracts of Chapter 5 of PART B (Incorporation of Companies and Incidental Matters) of the Act.
Official seal for use abroad
(1) A company whose objects require or comprise the transaction of business in foreign countries may, if authorised by its articles, have for use in any territory, district, or place outside Nigeria, an official seal, the design and use which shall be regulated by the company’s articles, and shall indicate on its face of the name of every territory, district, or place where it is to be used.
(2) A company having such an official seal may, by deed, authorise any person appointed for the purpose in any territory, district, or place outside Nigeria, to affix the same to any deed or other document to which the company is party in that territory, district, or place.
(3) The authority of any such agent shall, as between the company and any person dealing with the agent, continue during the period, if any, mentioned in the instrument conferring the authority, or if no period is there mentioned, then until notice of the revocation or determination of the agent’s authority has been given to the person dealing with him.
(4) The person affixing any such official seal shall, by writing under his hand, on the deed or other document to which the seal is affixed, certify the date on which and place at which it is affixed.
(5) In the case of companies that have a common seal, a deed or other document to which an official seal is duly affixed shall bind the company as if it has been sealed with the common seal of the company.
