AN OVERVIEW OF THE COMPANIES AND ALLIED MATTERS ACT 2020: PROSPECTS AND CHALLENGES

Authors

  • Ngozi Chisom Uzoka Faculty of Law, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria

Keywords:

Nigerian Corporate Law, Companies, Companies Legislation, Company Law Reform, CAMA

Abstract

The Companies and Allied Matters Act 2020, is Nigeria’s major and most significant business legislation in three decades. This piece of legislation repealed and replaced the Companies and Allied Matters Act of 1990. The latter hindered business development and limited foreign investment in Nigeria. The objective of this paper is to highlight and analyze the new provisions of the law and forecast its implications for businesses in Nigeria. The doctrinal method of legal research was adopted in this paper. The paper finds that the extant new law introduced novel provisions that are in line with international best practices. The paper concludes by stating that law-making process must be timely, robust and consistent with present day realities.

Author Biography

Ngozi Chisom Uzoka, Faculty of Law, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria

Lecturer, Faculty of Law, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria

Downloads

Published

2020-10-27

Issue

Vol. 7 No. 2 (2020): NNAMDI AZIKIWE UNIVERSITY JOURNAL OF COMMERCIAL AND PROPERTY LAW

Section

Articles