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Cama Tips - Business - Nairaland

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Part A, Part B And Part C Of Cama / What About New CAMA Law In Nigeria / Senate New Bill On Company And Allied Matters Act (CAMA) (2) (3) (4)

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Cama Tips by elyonchee(f): 5:59pm On May 10, 2020
Section 246 of Companies and Allied Matters Act 1990(2004)
1. Every company registered on or after the commencement of this Act shall have at least two directors and every company registered
Let me stop here. So the least number of directors to be appointed in a company as first directors, is two. Some people complain, oh I can't find another to become a director or I don't trust another. I want it to be solo. Sorry solo which is sole proprietor only applies to business names. For a company except limited by guarantee, should have at least two directors.
Happy Sunday.

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