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Companies and Allied Matters Act 2020 · Part B · Chapter 11

Section 270 Shadow director

(1)
Without prejudice to the provisions of sections 269 and 276 of this Act, and for the purposes of sections 279, 301 and 307 of this Act, “director” shall include any person on whose instructions and directions the Directors are accustomed to act.
(2)
Subject to sections 301, 306 and 307 of this Act, nothing contained in section 276 of this Act is deemed to derogate from the duties or liabilities of the duly appointed directors.
(3)
Where a person in his professional capacity gives advice and a director acts on it , that shall not be construed to make such a person under this Act a person in accordance with whose directions or instructions the director of a company is accustomed to act.
Cite as: Companies and Allied Matters Act 2020, section 270

What this section means

From the guide: Who is a director under CAMA 2020?

  • A shadow director is someone on whose instructions the directors are accustomed to act, and the Act treats that person as a director for several purposes (section 270).
  • Section 270(1) says that, for the purposes of sections 279, 301 and 307, the word director includes any person on whose instructions and directions the directors are accustomed to act.
  • A professional who gives advice that a director acts on is not a shadow director because of that advice (section 270(3)).

Read the whole subject

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.