Highlights of the Companies and Allied Matters Act, 2020 (“CAMA” or “the Act”)

The President of the Federal Republic of Nigeria on Friday 7th August 2020 assented to the Companies and Allied Matters Bill recently passed by the National Assembly thereby repealing and replacing the extant Companies and Allied Matters Act, 1990 and introducing several corporate innovations geared towards enhancing the ease of doing business in Nigeria and thereby replacing certain redundant provisions and obstacles affecting business operations and efficiency in Nigeria.

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