Overview

The text is the introductory part of the Companies and Allied Matters Act, 2020 of Nigeria, published in the Official Gazette on 10th August 2020. It establishes the Corporate Affairs Commission (CAC) as the regulatory body for companies, including its governance structure, functions, and financial provisions. The Act also covers the incorporation of companies, including formation requirements, types of companies (private, public, unlimited, limited by guarantee), memorandum and articles of association, company names, capacity and powers, and re-registration procedures. The document is divided into parts and chapters, detailing sections from 1 to 66, with specific rules on registration documents, share capital, and alteration of status.

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