HIGHLIGHTS OF THE NEW COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020

INTRODUCTION

On August 7^th, 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

Mosun Oke

Modupeola is a high performing, goal-driven, dedicated and accomplished executive, offering more than 15 years’ professional experience in managemen

Modupeola Iromini

Ms. Chinasa Oriaku is a skilled Lawyer with a wealth of experience across several industries such as Shipping, Commodities Market, Risk Management, Pe

Chinasa Oriaku