Subject to the provisions of sections 160 – 163 of this Act, a company may, in its articles, make provision with respect to payments on allotment of its shares.
Companies and Allied Matters Act 2020 · Part B · Chapter 8
Section 152 Payment on allotment
Cite as: Companies and Allied Matters Act 2020, section 152
What this section means
From the guide: Issuing and allotting shares under CAMA 2020: pre-emption, premium and discount
- The articles can provide for payments on allotment, subject to sections 160 to 163 (section 152).
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Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.