Companies and Allied Matters Act (CAMA)

BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

Question

In accordance with the provisions of the Companies and Allied Matters Acts (CAMA) 2020, which of the following is TRUE of a private company?

A. 15% of the issued share capital must be paid up at all times
B. 25% of the issued share capital must be paid up at all times
C. 35% of the issued share capital must be paid up at all times
D. 45% of the issued share capital must be paid up at all times
E. 55% of the issued share capital must be paid up at all times

Answer

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Tags: Companies and Allied Matters Act (CAMA), Corporate Governance, Share Capital
Level: Level 1

Topic: The Business Environment
Series: NOV 2021

BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

Question

Section 105(1) of the Companies and Allied Matters Act (CAMA) provides that “except as provided by this Act, a company having share capital shall not reduce its issued capital.”
Required:
i. State TWO cases of capital reduction permitted under the CAMA.
(2 Marks)

ii. State TWO purposes for which a company may reduce its share capital under the CAMA.
(2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital Reduction, Companies and Allied Matters Act (CAMA), Company Law, Limited Partnership
Level: Level 1

Topic: Company Law, Partnership Law
Series: MAY 2017

BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

Question

In accordance with the provisions of the Companies and Allied Matters Acts (CAMA) 2020, which of the following is TRUE of a private company?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies and Allied Matters Act (CAMA), Corporate Governance, Share Capital
Level: Level 1

Topic: The Business Environment
Series: NOV 2021

BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

Question

ii. State TWO purposes for which a company may reduce its share capital under the CAMA.
(2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital Reduction, Companies and Allied Matters Act (CAMA), Company Law, Limited Partnership
Level: Level 1

Topic: Company Law, Partnership Law
Series: MAY 2017

Question Tag: Companies and Allied Matters Act (CAMA)

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BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

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Question Tag: Companies and Allied Matters Act (CAMA)

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BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

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BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

You're reporting an error for "BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law"

BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment

Question on share capital requirements for private companies according to CAMA 2020.

You're reporting an error for "BMF – Nov 2021 – L1 – SA – Q9 – The Business Environment"

BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law

Outlines permissible cases of capital reduction under CAMA and purposes for reducing share capital.

You're reporting an error for "BL – May 2017 – L1 – SB – Q2b – Company Law | Partnership Law"

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