Foreign companies under CAMA 2020: sections 78 to 84
Chapter 3 requires a foreign company that wants to carry on business in Nigeria to incorporate here, and sets out the limited exemptions, notices and penalties.
Chapter 3 of Part B has 7 sections. Every section is listed below with its title.
Guides in this chapter
Key rules in this chapter
- Acts of a foreign company carrying on business before incorporation here are void (section 78).
- The Minister can exempt companies on approved projects, and the exemption lapses at the end of the period or project (section 80).
- An exempted company notifies the Commission within 30 days and reports each calendar year (sections 80 and 81).
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Source: the Companies and Allied Matters Act 2020 as published in the Official Gazette.