Section 439 CAMA 2020 Section 439 Companies and Allied Matters Act is about Effect of approval. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) This section applies where a decision approving a voluntary arrangement has effect under section 437. (2) The order of the Court that the decision of the company…

Section 438 CAMA 2020 Section 438 Companies and Allied Matters Act is about Approval of arrangement. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) This section applies to a decision, under section 437, with respect to the approval of a proposed voluntary arrangement. (2) The decision has effect if, in accordance…

Section 437 CAMA 2020 Section 437 Companies and Allied Matters Act is about Decisions of meetings. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) The meetings summoned shall decide whether to approve the proposed voluntary arrangement with or without modifications. (2) The modifications may include conferring the functions proposed tobe conferred…

Section 436 CAMA 2020 Section 436 Companies and Allied Matters Act is about Summoning of meetings. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) A proposal may also be made where the nominee is — (a) not the liquidator or administrator, and it has been reported to the Court that such…

Section 435 CAMA 2020 Section 435 Companies and Allied Matters Act is about Procedure where nominee is not the liquidator or administrator. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) This section applies where the nominee under section 434 is not the liquidator or administrator of the company. (2) The nominee…

Section 434 CAMA 2020 Section 434 Companies and Allied Matters Act is about Those who may propose an arrangement. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) The directors of a company may make a proposal under this Part to its creditors for a composition in satisfaction of its debts or…

Section 433 CAMA 2020 Section 433 Companies and Allied Matters Act is about Liability for paying dividend out of capital. It is under Chapter 16 (Annual returns) of the Act. (1) All directors who knowingly pay, or are party to the payment of dividend out of capital or in contravention of this Part, are personally…

Section 432 CAMA 2020 Section 432 Companies and Allied Matters Act is about Right of the shareholders to sue for dividends. It is under Chapter 16 (Annual returns) of the Act. (1) Dividends are special debts due to and recoverable by shareholders within 12 years, and actionable only when declared. (2) Dividends that are unclaimed…

Section 431 CAMA 2020 Section 431 Companies and Allied Matters Act is about Employees’ shares and profit-sharing. It is under Chapter 16 (Annual returns) of the Act. If under his contract of service, an employee is entitled to share inthe profits of the company as an incentive, he is entitled to share in the profits…

Section 430 CAMA 2020 Section 430 Companies and Allied Matters Act is about Reserve and capitalisation. It is under Chapter 16 (Annual returns) of the Act. (1) The directors may, before recommending any dividend, setaside out of the profits of the company such sums as they think proper as areserve or reserves which shall, at…