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Tag: CAMA

CAC insists CAMA will promote business growth

CAC insists CAMA will promote business growth

Business
The Corporate Affairs Commission (CAC) has insisted that the Companies and Allied Matters Act (CAMA) 2020 aligns with the interest of business owners and promotes the ease of doing business in the country. Director, Board Secretariat (CAC), Justine Nidiya, said this during an interactive session between the CAC and Civil Society Organisations (CSOs) organised by the British Council and Agents for Citizen-Driven Transformation. He said: “Before now, you require the consent or the authorisation of the Attorney General to register a company. But now, what the law tries to do is to give a time frame to the Attorney General within which he should indicate whether he authorises or declines authorisation of the registration of a company. Under the new regime, the Attorney General has 30 days to ...
Experts want government to distil CAMA 2020 into articles, info-graphics

Experts want government to distil CAMA 2020 into articles, info-graphics

Business
As the Companies and Allied Matter Act seeks to promote the ease of doing business in Nigeria, there is a need for the Corporate Affairs Commission (CAC), to distil the laws as articles, info-graphics for better understanding and use to businesses, experts have said. Experts, who gathered at a webinar organised by the Franco-Nigerian Chamber of Commerce and Industry (FNCCI), in conjunction with Aelex, opined that all features of CAMA 2020 are geared towards making business easier in the areas of corporate governance, tax payment, starting a business, among others. The experts, who decried the cumbersome and time-wasting procedures that marred the CAMA 30 years ago, said the CAMA 2020 has too many details while applauding the brilliant work of the present administration to boost Niger...