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

Section 283 Disqualification for directorship

The following persons shall be disqualified from being director—
(a)
an infant, that is, a person under the age of 18 years ;
(b)
a lunatic or person of unsound mind ;
(c)
a person suspended or removed under section 288 of this Act ;
(d)
a person disqualified under sections 279, 280, 284 of this Act ; and
(e)
a corporation other than its representative appointed to the board for a given term.
Cite as: Companies and Allied Matters Act 2020, section 283

Amended since the gazette

The Business Facilitation Act 2023 changed this section. The text above is the 2020 gazette text. See what changed.

What this section means

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

  • Section 283 disqualifies a person under 18, a person of unsound mind, a person suspended or removed under section 288 (the 2023 amendment limits the removal ground to removal for fraud, dishonesty or unethical conduct), a person disqualified under sections 279, 280 or 284, and a corporation other than its appointed representative.
  • Section 283(c) now disqualifies a person removed under section 288 only if the removal was on grounds of fraud, dishonesty or unethical conduct.
  • Section 283 lists the people who cannot be directors:

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.