President Muhammadu Buhari, on Friday, August 7, 2020, gave his assent to the Amended Companies and Allied Matters Bill. This event took place in Abuja, Nigeria. The Bill, passed by the National Assembly in March 2020, extensively reforms company and business regulations in Nigeria and is considered as Nigeria’s most significant business legislation in three decades. The President’s official approval signals the repeal and replacement of the Companies and Allied Matters Act 1990 which was enacted 30 years ago.
The new Act, Companies and Allied Matters Act 2020 (CAMA 2020 or Act) introduces several corporate and business innovations with the aim of enhancing the ease of doing business in Nigeria and ensuring that the business regulations provide relevant guidance in line with current realities.
Click the link below to access the document where we’ve highlighted significant provisions under the CAMA 2020:
DOWNLOAD HERE
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