₦airaland Forum

That the minimum share capital according to the new CAMA 2020 for private companies is 100k and 2M for public companies.
But I always advise my clients to put in 1m share capital.
Do you know even though your share capital is 2-5m or 10m and your turnover and net assets is from 1m and below, you are regarded as a small company?
Do you know you must allot all shares during incorporation based on the new provisions in CAMA 2020?
Do you know that you can do change in particulars of a director/secretary/proprietor's name, address, email, correction of date of birth, change of email address, change of signature and phone number?
Do you know you if you have not allotted all shares you must allot them before the given time elapses, otherwise you forfeit them?
Do you know after surrender of shares as gift to the company, you must increase share capital before reallotment of shares?
Now you know.
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