This Act applies to every unlimited company registered as a limited company under section 52 of the Companies and Allied Matters Act, 1990 or of any enactment replaced by that section, as the case may be, in the same manner as it applies to an unlimited company registered under this Act as a limited company : Provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered as a limited company under section 52 of the 1990 Act or any enactment replaced by that section, as the case may be.
Companies and Allied Matters Act 2020 · Part B · Chapter 29
Section 726Application of Act to unlimited companies registered under former enactments
Cite as: Companies and Allied Matters Act 2020, section 726
What this section means
From the guide: How CAMA 2020 applies: existing companies, court powers, offences and relief for officers
- The Act overrides anything in a company’s memorandum, articles, agreements or resolutions that is repugnant to it (section 723) and applies to companies registered under earlier laws (sections 722 to 726).
- References to the date of registration mean the date under the earlier Companies Act (sections 724 to 726).
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.