DISTINGUISHING BETWEEN RESTRICTION AND TRANSFER OF SHARES AND PRE-EMPTIVE RIGHTS OF SHAREHOLDERS: TO WHAT EXTENT ARE THEY ALLOWED UNDER COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020?

Abstract

The CAMA 2020 introduces some specific regime for the transfer of shares and pre-emptive rights for the shareholders of Nigerian companies. This research work highlights some of these special provisions with the view to shedding light on the positive impact of these provisions on corporate law and governance of Nigerian companies. It is important to note that these provisions may equally have a negative side to them but the law in Nigeria with regards to companies is still evolving. The research work equally recommends that the Corporate Affairs Commission must equally do more as a regulator to scrutinize the transfer of shares inadvertently in companies.