Companies and Allied Matters Act, 2020 🇳🇬

Nigeria

Preamble

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 allowances of members.

+12 more sections

Part B – INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS

Chapter 1 – FORMATION OF COMPANY

Chapter 2 – RE-REGISTRATION OF COMPANIES

Chapter 3 – FOREIGN COMPANIES

Chapter 4 – PROMOTERS

Chapter 5 – ACTS BY OR ON BEHALF OF THE COMPANY IN EXERCISE OF COMPANY’S POWERS

+24 more sections

Part C – THE LIMITED LIABILITY PARTNERSHIP

Chapter 1 – NATURE OF LIMITED LIABILITY PARTNERSHIP

Chapter 2 – INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND INCIDENTAL MATTERS

Chapter 3 – PARTNERS AND THEIR RELATIONS

Chapter 4 – EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS

Chapter 5 – CONTRIBUTIONS

+6 more sections

Part D – THE LIMITED PARTNERSHIP

Chapter 1 – NATURE OF LIMITED PARTNERSHIP

Chapter 2 – REGISTRATION OF LIMITED PARTNERSHIP AND INCIDENTAL MATTERS

Part E – BUSINESS NAMES

Chapter 1 – ESTABLISHMENT OF BUSINESS NAMES REGISTRY : APPOINTMENT AND FUNCTIONS OF HEAD OF OFFICE AND OTHER OFFICERS

Chapter 2 – REGISTRATION OF BUSINESS NAMES

Chapter 3 – REMOVAL OF BUSINESS NAME FROM REGISTER

Chapter 4 – MISCELLANEOUS AND SUPPLEMENTAL

Part F – INCORPORATED TRUSTEES

Chapter 1 – INCORPORATED TRUSTEES

Chapter 2 – CHANGES IN REGISTERED PARTICULARS OF INCORPORATED TRUSTEES

Chapter 3 – COUNCIL, POWERS, INCOME AND PROPERTY

Chapter 4 – SUSPENSION OF TRUSTEES, APPOINTMENT OF INTERIM MANAGERS, ETC.

Chapter 5 – COMMON SEAL AND CONTRACT

+2 more sections

Part G – GENERAL

Chapter 1 – ESTABLISHMENT OF ADMINISTRATIVE PROCEEDINGS COMMITTEE

Chapter 2 – MISCELLANEOUS AND SUPPLEMENTAL

FIRST SCHEDULE

Part I – GENERAL INFORMATION TO BE DISCLOSED

Part II – ACCOUNTING PRINCIPLES AND RULES

Part III – NOTES TO THE ACCOUNTS

Part IV – SPECIAL PROVISIONS WHERE THE COMPANY IS A HOLDING OR SUBSIDIARY COMPANY

Part V – INTERPRETATION OF SCHEDULE

SECOND SCHEDULE

Part I – PARTICULARS OF SUBSIDIARIES

Part II – SHAREHOLDING IN COMPANIES OTHER THAN SUBSIDIARIES

Part III – FINANCIAL INFORMATION ABOUT SUBSIDIARIES

Part IV – IDENTIFICATION OF ULTIMATE HOLDING COMPANY

Part V – CHAIRMAN’S AND DIRECTORS’ EMOLUMENTS, PENSIONS AND COMPENSATION FOR LOSS OF OFFICE EMOLUMENTS

+1 more sections

THIRD SCHEDULE

Part I – MATTERS TO BE DISCLOSED UNDER SECTION 383

Part II – MATTERS TO BE DISCLOSED UNDER SECTION 384

FOURTH SCHEDULE

Part I – MATTERS OF A GENERAL NATURE ASSET VALUES

Part II – DISCLOSURE REQUIRED BY COMPANY ACQUIRING ITS OWN SHARES

Part III – EMPLOYMENT AND EMPLOYEES

FIFTH SCHEDULE

Subsection (2)

SIXTH SCHEDULE

Part I – MODIFIED FINANCIAL STATEMENTS INTRODUCTORY

Part II – MODIFIED GROUP FINANCIAL STATEMENTS (IN CONSOLIDATED FORM) FOR SMALL COMPANIES

Part III – MODIFIED GROUP ACCOUNTS CONSOLIDATED OR OTHERS

SEVENTH SCHEDULE

Part I – Contents

Part II – Form

EIGHTH SCHEDULE

Part I – Contents

Part II

NINTH SCHEDULE

Paragraph (a)

Paragraph (b)

TENTH SCHEDULE

ELEVENTH SCHEDULE

TWELFTH SCHEDULE

THIRTEENTH SCHEDULE

FOURTEENTH SCHEDULE

FIFTEENTH SCHEDULE

Paragraph (a)

Paragraph (b)

Companies and Allied Matters Act, 2020

Assented to on 7 August 2020
Commenced on 1 January 2021
[This is the version of this document as it was from 1 January 2021 to 7 February 2023.]

AN ACT TO REPEAL THE COMPANIES AND ALLIED MATTERS ACT, CAP. C20, LAWS OF THE FEDERATION OF NIGERIA, 2004 AND ENACT THE COMPANIES AND ALLIED MATTERS ACT, 2020, TO PROVIDE FOR THE INCORPORATION OF COMPANIES, LIMITED LIABILITY PARTNERSHIPS, LIMITED PARTNERSHIPS, REGISTRATION OF BUSINESS NAMES TOGETHER WITH INCORPORATION OF TRUSTEES OF CERTAIN COMMUNITIES, BODIES,ASSOCIATIONS ; AND FOR RELATED MATTERS.ENACTED by the National Assembly of the Federal Republic of Nigeria—

Part A – CORPORATE AFFAIRS COMMISSION

1. Establishment of the Corporate Affairs Commission

(1)There is established the Corporate Affairs Commission (in this Act referred to as “the Commission”).

(2)The Commission—

(a)is a body corporate with perpetual succession and a common seal;

(b)may sue and be sued in its corporate name; and

(c)may acquire, hold or…

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Companies and Allied Matters Act, 2020 🇳🇬

Table of Contents

Companies and Allied Matters Act, 2020

Part A – CORPORATE AFFAIRS COMMISSION

1. Establishment of the Corporate Affairs Commission

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