Doing Business in Nigeria | |
Doing Business in Nigeria | |
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Tuesday, March 10,
2020 05:57 PM / KPMG Nigeria/ Header Image Credit: @NGRSenate
The Senate today, Tuesday, 10 March 2020, passed the
Companies and Allied Matters Act (Repeal and Re-enactment) Bill, 2020 ("the
CAMA Bill"). The CAMA Bill seeks to establish an efficient means of regulating
businesses, minimize the compliance burden of small and medium enterprises,
enhance transparency and shareholder engagement and promote a friendly business
climate in Nigeria.
The Bill will be presented to the President for assent
after the version of the Bill passed by the House of Representatives has been
harmonized with the Senate's version.
It will be recalled that the President withheld his
assent to a similar CAMA Bill, 2018 passed by the 8th National Assembly in May
2018.
Kindly Download - Companies
and Allied Matters Act, 2020
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