#CAMA2020: In a webinar organized by J.K Gadzama LLP, a Senior Advocate of Nigeria. Prof. Chidi Odinkalu weighs in on the much contentious sections of the new Companies and Allied Matters Act,
stating that section 839 (1) is dissolute.
See the clips:
e-lits.com/cama-2020-prof…
stating that section 839 (1) is dissolute.
See the clips:
e-lits.com/cama-2020-prof…
He quite totally agree with the RG of the Corporate Affairs Commission regarding Section 839 (1) of CAMA sitting on its own & requires no court orders to exercise, but precisely has problem with sub-section (2) which contemplates entirely a different thing &requires court order.
He did not agree with the RG on the claim or idea that what they have done is to replicate what is obtainable in the UK. That the Charities Act of the United Kingdom, 2011, which has been amended since 2016, has a very clear mechanism for control of DONATED POWER which we lack.
Giving the Registrar General the power to remove a person based on public interest on a SUBJECTIVE STANDARD “where he reasonably believes” is subject to abuse as there’s no mechanism to put this donated power in check.
He also disagree on the suggestion that section 839 (1) is
He also disagree on the suggestion that section 839 (1) is
