Monday, May 17African Business News
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Tag: Civil Society Organisations (CSOs

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 ...