Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Impact of CAMA 2020 on entrepreneurship

Published by The Nation on Fri, 11 Sep 2020


An online forum organised by Exponential Consult Limited and Centre for Law and Business has called for more discussions on the impact of Companies and Allied Matters Act (CAMA) 2020 on entrepreneurship development in Africa.The event was attended by senior officials from the government, financial institutions, the private sector, as well as practitioners and experts.CAMA 2020 has generated controversies at various fora and among operators in the Small and Medium Scale Enterprises (SMEs) sector.The Managing Consultant, Simply Exponential Consult Limited, MrsFayo Williams, explained that it was important for operators in the SMEs sector to understand the benefits of the finance law and how it affects their businesses.The Assistant Director, Corporate Affairs Commission (CAC), Mr. Tolulope Sonaike, said one of the benefits of the Actisincorporating e-meeting.Read Also:Why CAMA will continue to generate reactionsHe said the Act makes it compulsory for the disclosure of persons with significant control of companies to enhance corporate accountability and transparency. He explained that some innovative processes and procedures were included in the new document to ease the operations of companies. Some of them are the introduction of Statements of Compliance, which replaced authorised share capital with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies.The Executive Director, Fate Foundation, Mrs Adenike Adeyemi , explained that several entrepreneurs needed to be enlightened on the Act to enable them make informed decisions about corporate governance. She urged small businesses to study and understand the amended Act, and wait for its gazetted copy before making changes.She tasked entrepreneurs to seek professional advice on the Act.CAMA 2020 is expected to enhance the ease of doing business in Nigeria. The new document has replaced the CAMA 1990 with key amendments that would remove some bottlenecks from the old act.
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs