Subject to this Act and save as may be stated in the instrument of exemption, a foreign company exempted pursuant to this Act shall have the status of an unregistered company and accordingly, the provisions of this Act applicable to an unregistered company shall apply in relation to such an exempted company as they apply in relation to an unregistered company under this Act.
Companies and Allied Matters Act 2020 · Part B · Chapter 3
Section 82 Exempted foreign company to have status of unregistered company
Cite as: Companies and Allied Matters Act 2020, section 82
What this section means
From the guide: Foreign companies carrying on business in Nigeria under CAMA 2020
- It has the status of an unregistered company (section 82), and exemption does not authorise disregarding any other law (section 84).
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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.