HIGHLIGHTS OF THE NEW COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020
INTRODUCTION
On August 7th, 2020, President Muhammadu Buhari assented to the Companies and Allied Matters Act 2020 (“the New Act”) which now repeals the Companies and Allied Matters Act, 1990 (‘Old Act”).
The New Act seeks to address the regulatory bottlenecks and onerous legal requirements found in the Old Act which has overtime hindered the ease of doing business in Nigeria, particularly for Micro Small and Medium Enterprises (MSMEs).
This article seeks to highlight the key provisions of the New Act and its implications on companies’ operations.
Practice Key Contacts
Mosun is a consummate Attorney with wide experience in Corporate/Commercial, Intellectual Property and Competition/Anti-trust law practice. She starte
Abisola is a vibrant, hardworking and dynamic Attorney. She is an asset to the firm’s Corporate /Commercial and Secretarial department as she has be
Chinenye Nwankwo is an articulate Attorney with many years’ experience in litigation/Arbitration and corporate/commercial practice. Prior to joining
Feyiuwa was called to the Nigerian bar in 2019 and is an associate of the firm. She is highly motivated and ambitious. She has budding interests in co
Posted In: Corporate Services
Published: Aug 7, 2020