Companies and Allied Matters Acts 2019 ?

PART A – CORPORATE AFFAIRS COMMISSION

1. Establishment of the Corporate Affairs Commission.
2. Establishment of Governing Board of the Commission.
3. Tenure of office and vacancy on the Board.
4. Functions of the Board.
5. Remuneration and allowance of members.
6. Proceedings of the Board.
7. Disclosure of interest.
8. Functions of the Commission.
9. Appointment of Registrar-General.
10. Appointment of Staff.
11. Right to appear in Court.
12. Service in the Commission to be pensionable.
13. Fund of the Commission.
14. Expenditure of the Commission.
15. Annual accounts, audit and estimates.
16. Annual report.
17. Pre-action notice and restriction on levy of execution.

PART B – INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS
CHAPTER 1: FORMATION OF COMPANY

18. Right to form a company.
19. Association and Partnership of more than 20 members when permitted.
20. Capacity of individual to form company.
21. Types of companies.
22. Private company
23. Consequences of default in complying with conditions constituting a private company.
24. Public company.
25. Unlimited company.
26. Company limited by guarantee.

MEMORANDUM OF ASSOCIATION

27. Requirements with respect to the memorandum of a company.

NAME OF COMPANY

28. Form of memorandum of association.
29. Name as stated in the memorandum of association.
30. Change of name of company.
31. Reservation of name.
32. Articles of association.
33. Power of Minister to prescribe model articles.
34. Default application of model articles.
35. Statement of company’s objects.
36. Registration documents.
37. Statement of capital and initial shareholdings.
38. Statement of guarantee.
39. Statement of proposed Directors.
40. Statement of compliance.
41. Registration.
42. Effect of registration.
CAPACITY AND POWERS OF COMPANIES
43. Powers of companies and prohibition of donations for political purpose.
44. Effect of ultra vires acts.
45. Effect of reliance on restrictions in the memorandum.
46. Effect of memorandum and articles.
47. Member’s right to copies of memorandum, etc.
48. Copies of memorandum issued to embody alterations.
49. Restriction on alteration of memorandum.
50. Alteration of memorandum.
51. Mode of alteration of business or objects.
52. Power to alter provisions in the memorandum in certain cases.
53. Alteration of articles.
54. Limitation of liability to contribute to share capital if memorandum, etc., altered.

CHAPTER 2 – RE-REGISTRATION OF COMPANIES

55. Alteration of status by re-registration.
56. Re-registration of private company as public.
57. Requirements as to share capital.
58. Requirements as to net assets.
59. Recent allotment of shares for non-cash consideration.
60. Application and accompanying documents.
61. Statement of proposed secretary.
62. Issue of certificate of incorporation on re-registration.
63. Re-registration of public company as private limited company.
64. Application to Court to cancel resolution.
65. Notice to Commission of Court application or order.
66. Application and accompanying documents.
67. Issue of certificate of incorporation on re-registration.
68. Re-registration of private limited company as unlimited.
69. Application and accompanying documents.
70. Issue of certificate of incorporation on re-registration.

 

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