Connect with us

You Can Now Register Businesses With CAC From Any Country, No AGM Requirement

Business

You Can Now Register Businesses With CAC From Any Country, No AGM Requirement

The new Companies and Allied Matters Act has been passed into law today by the Senate presided over by Dr Bukola Saraki, as businesses can now be registered from anywhere in the world.

A statement released on Tuesday, revealed that the Nigerian Senate has passed into law the new Companies and Allied Matters Act (CAMA), which will make it possible to register a company from anywhere in the world.

loading...

According to TheCable, while speaking of the passage of the bill, Senate President Bukola Saraki, said that the passage of CAMA is a significant milestone in the 8th senate’s legislative agenda.

You Might Also Like  Lekki-Epe Expressway Shutdown Due To Police Brutality

He said; “With the passage of CAMA, which is by far the biggest and one of the most far-reaching legislation ever passed in any legislature in our country, we have now put in place a regulatory framework to promote the ease of doing business and reduce regulatory hurdles.

“This is a pro-business law. This bill that we have just passed will show the audacity that we have to move Nigerian businesses into a new era of success and development.”

The statement revealed that the bill will “allow business owners to now register their businesses in a faster and more efficient way – using technology; remove all the unnecessary regulatory provisions – such as the requirement for annual general meetings and company secretaries; and reduce the minimum share capital for all companies and start-ups in Nigeria.”

You Might Also Like  Horror! Unknown Disease Paralyses Six Family Members In Nasarawa

The bill will also create a new form of legal identity for businesses in Nigeria, Limited Liability Partnership (LLP), which is expected to increase foreign investment and enable Nigerian register their businesses online.

“We are truly now walking the talk, with the passage of CAMA, we are saying to the rest of the world that Nigeria is ready for business and the government of Nigeria is ready to support small scale industries to promote innovations and encourage enterprise,” Saraki concluded.

You Might Also Like  JUST IN:Reps summon Adeosun, Emefiele over ‘missing’ N10bn NHIS fund

Visit FrizzyPedia  Now To View Lots of interesting And Tourist Centers Across The World..Click Here 
loading...
Continue Reading
You may also like...

Ibrahim Firdaous Atilehin-Oluwa Is A Student Of University Of Ilorin, Kwara State, Nigerian. Born On December 24. My talents include sleeping, eating, hating myself saying the wrong things, listening to awesome music" i love making Friends and am fwendly too, i like meeting reasonable people whom will add more good to my life. Contact Me, Frizzy4web@gmail.com, 08107518940.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Business

Popular Posts

Trending

Facebook

loading...

Disclaimer!!!

FrizzyHub does not claim ownership of any of the songs – videos – news that we upload and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! (1-3 Working Days)

If You Feel Your Rights Are Being Infringed Upon, Email us on here

To Top
%d bloggers like this: