Senate Passes the CAMA Bill 2020

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. 

Related News

1. PEBEC Engages NBA Section on Business Law On Provisions In CAM Bill 2018
2. Transmit CAM Bill 2018 For Assent Into Law, Now - Business Community
3. CAM Bill 2018: Legacy or Laggards
4. Reforming The Business Climate In Nigeria: Critical Changes Introduced By The CAM Bill, 2018
5. Why Nigeria Needs To Urgently Pass and Sign The CAM Bill 2018
6. Reps Pass Companies and Allied Matters Act Re-enactment Bill
7. Discover How New CAMA Is Relevant To The Ease of Doing Business in Nigeria – LBS Alumni (2)
8. Discover How The New CAMA Is Relevant To The Ease of Doing Business in Nigeria – LBS Alumni
9. Executive Order No 1: BPP Clarification on Pension Requirement for Employees Of Companies
10. Executive Summary of Changes to CAMA
11. Senate Passes New CAMA Bill into Law; Lists Seven Benefits
12. Ease of Doing Business: Saraki Charges Technical Committee on CAMA, ISA
13. Senate Gets Down To Some Serious Work - Addresses MTEF, Aviation Crisis, CAMA, Ports Bill, IDPs
14. Request for Input - The Bill on the Amendment of CAMA 2004
15. What CAMA says with regards to holding an AGM for companies in Nigeria
16. CAMA: Shareholders urge FG to review obsolete sections