Where by any provision contained in this Act, special notice is required of a resolution, the resolution is not effective unless notice of the intention to move it has been given to the company at least 28 days before the meeting at which it is to be moved, and the company shall give its members notice of any such resolution at the same time and in the same manner as it gives notice of the meeting, or if that is not practicable, shall give them notice thereof, either by advertisement in a newspaper having an appropriate circulation, or in any other mode allowed by the articles, at least 21 days before the meeting : Provided that if, after notice of the intention to move such a resolution has been given to the company, a meeting is called for a date 28 days or less after the notice has been given, the notice, though not given within the time required by this section, is deemed to have been properly given.
Companies and Allied Matters Act 2020 · Part B · Chapter 10
Section 261 Resolutions requiring special notice
Cite as: Companies and Allied Matters Act 2020, section 261
What this section means
From the guide: Ordinary, special and written resolutions under CAMA 2020
- The company must then tell members at the same time and in the same way as it gives notice of the meeting, or, if that is not practicable, by newspaper advertisement or another mode the articles allow, at least 21 days before the meeting (section 261).
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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.