The Corporate Affairs Commission (CAC) has announced that it
will commence the implementation of the Company Allied Matters Act 2020 by 1st
of January, 2020.
The Commission announced via its Twitter handle on Monday
that it has taken delivery of a copy of the gazetted act.
It would be recalled that President Muhammadu Buhari in
August this year signed the amendment to the act which has generated uproar
particularly from Christian Association of Nigeria (CAN) and Non-Profit
outlets.
CAMA in its tweet, stated that it will commence the
implementation of the act by January 1st.
“The Corporate Affairs Commission has officially taken
delivery of a copy of the gazetted CAMA, 2020 from the Clerk of the National
Assembly on Thursday 19th November,2020 and is putting machinery in place to
commence full implementation by 1st January, 2021,” the commission tweeted.
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