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Companies and Allied Matters Act 2020 · Part B · Chapter 13

Section 352 Definition

In sections 346-351 of this Act, “applicant” means—
(a)
a registered holder or a beneficial owner and a former registered holder or beneficial owner, of a security of a company ;
(b)
a director or an officer or a former director or officer of a company ;
(c)
the Commission ; or
(d)
any other person who in the discretion of the Court, is a proper person to make an application under section 346.
Cite as: Companies and Allied Matters Act 2020, section 352

What this section means

From the guide: Minority shareholders under CAMA 2020: derivative actions and unfair prejudice

  • An applicant can be a registered or beneficial holder or former holder of a security, a director or officer or former one, the Commission, or anyone the court considers a proper person (section 352).

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.