The Mechanisms Of Corporate Meetings Under The Companies And Allied Matters Act (Cama) 1990
Keywords:
Mechanism, Corporate meeting, CAMAAbstract
The purpose of this study was to assess the mechanism of corporate meetings under the Companies and Allied Matters Act (CAMA) 1990. This review revealed two major types of meetings, public meetings convened by individuals or bodies to which there is an open invitation extended to any member of the public, and meetings of bodies of which the members are limited and known. However, the study was preoccupied with the second category. Therefore, there is the need for the various Legislatures of countries to work towards enacting effective and efficient company legislation to that effect. It is recommended among others that in Nigeria that the fine of N50 for every day of default to hold a statutory meeting should be reviewed to be punitive.
References
Hereinafter referred to as CAMA
The Law Book Company Ltd. 10th Edition. Allahabad India page 87.
(1876) 2 QBD 26
(1947) S.C 325
(1911) 1 CH. 163
(1989) 1 All E.R 561
(1875) LR 10 QB 329
CAMA
See Section 211 (2) CAMA
Ibid section 211 (4) CAMA
Ibid section 211 (8) CAMA
Ibid section 211 (5) CAMA
Ibid Section 211 (6) CAMA
Ibid section 211 (7) CAMA
(1912) 1 Ch. 700
See section 211 (9) CAMA
Ibid section 211 (10) CAMA
Ibid Section 212 CAMA
(1968) 2 ALR Comm. 197
Sofowora M.O, 2002, Modern Nigerian Company Law, Lagos, page 161
CAMA
See section 213 (1) (b) CAMA 23Ibid section 213 (2) CAMA 24Ibid section 213 (3) CAMA 25Ibid section 213 (4) CAMA 26Ibid section 215 (1) CAMA 27Ibid section 215 (2) CAMA
Ibid section 213 (2) CAMA; Where a company fails to hold its annual general meeting under the law, the Corporate Affairs Commission may on the application of a member of the company call, or direct the calling of a general meeting of the company.
(1979) II SC 138
See section 223 CAMA
(1900) 2 CH 230
(1978) N.C.L.R 250
supra
(1958) CH D 900, 904
(1972) 1 ANLR pt. 2 pg. 474
(1957) S.C. 315
(1983) BCLC 673
(1978) N.C.L.R 250
(1979) 12 N.S.C.C. 210
see Jarvis Motors (harrow) Ltd. v. Carabott & Anor (1964) 1 W.L.R. 1101 and Sasegbon D., 1991, Nigerian Companies and Allied Matters Law and Practice, DSc Publication Limited, Lagos, Page 347.
See section 215 (7) CAMA
Ibid section 215 (8) CAMA
Ibid section 264 (1) CAMA
Ibid section 266 CAMA
(2001) 15 NWLR pt. 737 at 709
(1888) 30 CH.D. 546
Carruth v. ICI Ltd (1937) AC 707
Section 467 (1) and (2) CAMA
(1978) 2 F.R.C.R. 165
(1978) 2 F.R.C.R. 165
See section 220 CAMA
Ibid section 222 CAMA
Ibid section 218 CAMA
(1914) 1 Ch.895
(1980)1 ALL ER 40
See also section 233(2) CAMA 57Ibid section 219 CAMA
(1920) 2 K.B 523 (C.A)
See section 217 (2) CAMA
Suit NO. FRC/L/45/78 of 12/3/81 Unreported
(1962) 1 All E.R 26
(1978) 2 FRCR 165
(1945) Ch. D 270
(1963) 2 ALR COM 341
CAMA 66 supra
See Section 224 (1) CAMA
see Campell v. Maund (1836) 5 Ad & El 865
see Jackson v. Hamlyn (1953) Ch. 577
see also Re Chillington Iron Co. (1885) 29 Ch. D. 159
See section 226 CAMA
Ibid section 227 CAMA
CAMA
Northey and Leigh Introduction to Company Law, page 230
(1920) 1 Ch. 466
see Tolley's Company Law, 1990, Tolley Publishing Co. Ltd., England, p. G.2021
See Section 230 CAMA
Ibid section 230 (6) CAMA
Northey & Leigh, op cit , page 222
Sasegbon D., op cit, page 355
See section 231 CAMA
(1907) 1 Ch. 5
Sofowora M.O, op cit, page 169
article 53 table A part 1
(1955) Ch. 143
See also Martins v. Ogungbadero Lagos High Court suit No LD/95/66 of 30/10/67.
(1967) N.C.L.R 393
Smith & Keenan Company Law for students, page 366
see Scadding v. Lorant (1851) 3 HL CAS 418
see Wills v. Murray (1850) 4 Exch. 843
(1926) WN. 78
See section 239 CAMA
See Section 241 (1) CAMA
(1990) 21 NSCC (pt 1) 66.
(1968) All N.L.R 285
Nsirim v. Onuma Const. Co. Ltd. (2001) 7 NWLR pt. 713 page 742
CAMA
See also section 282 Companies Act 2006
Section 262 CAMA 100Ibid section 234 CAMA 101 supra
See Section 236 CAMA
Ibid Section 238 CAMA
see Scadding v. Lorant (1851) 3 HL CAS 418
see Wills v. Murray (1850) 4 Exch. 843
see Reg v. Doyly (1840) 12 A & E 139
(1969) 2 W.L.R. 1294.
Sasegbon D.,op cit. page 369
See Neel v. Longbottom (1894) 1 Q.B. 767.
(1991) B.C.L.C 224
(1840) 12 A & E 139
The Law Book Company Ltd. 10th Edition, Allahabad India, page 87.
(1876) 2 QBD 26
Section 232 (5) CAMA
Tolley's Company Law, 1990, England, Tolley Publishing Co. Ltd page 2021
(1887) 21 Q.B.D. 160
Section 63 (1) Companies and Allied Matters Act Cap C20 Laws of the Federation of Nigeria, 2004 (herein referred to as CAMA).
Annual General Meeting under Section 213 CAMA & Extra-Ordinary General Meeting under Section 215 CAMA
See Section 244 CAMA 120See Section 66 CAMA
See section 63 (2), (3) (4) & (5)
See generally Gower and Davies, 2003, Principles of Modern Company Law, London Sweet & Maxwell Ltd, 7th Edition, pg 327.
