REVIEW OF THE COMPANY AND ALLIED MATTERS ACT 2020 AND EMERGING ISSUES

ABSTRACT

The purpose of every statute or law promulgated is to ensure the overall welfare of the generality or a class of the public. It is therefore deducible, that where a statute no longer serves this primary purpose, it is in the best interest of the society and of justice that such law is either repealed or should be re-enacted with the necessary modifications that will suit the society’s need. In a nutshell, this was the problem with the former Companies and Allied Matters Act (1990), which has now been repealed by the Companies and Allied Matters Act (2020).

Keywords: Statute, Repealed, Re-enacted, Companies and Allied Matters Act, Corporate Governance.

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UNILAG Law Review, (2021) Volume 4 Edition 2

About the Authors

Oluwayansola Jeje is a final year law student at the Obafemi Awolowo University. His areas of interest include Corporate Law, Taxation and Financial Technology. He can be contacted via email: jejeoluwayansola2@yahoo.com.

Akinyosoye Tobiloba is a final year law undergraduate at the Obafemi Awolowo University. He is passionate about Corporate/Commercial Law Practice, Taxation and Arbitration. He is a student member of the Lagos Court of Arbitration. He can be contacted via email: akinyosoyetomiwa@gmail.com.