Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Business

FG approves Insolvency Regulations for 2022

...the new regulations fall under the Companies and Allied Act, CAMA 2020.

William Ukpe by William Ukpe
April 25, 2022
in Business
GDP: Economy getting better, foreign investors showing signs of returning – Trade Minister

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo

Share on FacebookShare on TwitterShare on Linkedin

The Corporate Affairs Commission (CAC), announced that the Federal Government of Nigeria through the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has approved the Insolvency Regulations (IR) 2022.

The Commission disclosed this in a statement on Sunday signed by Mr Rasheed Mahe CAC’s Head, Media Unit in Abuja.

RelatedPosts

NAFDAC raises alarm over banned European cosmetic product, Placentyne Hair Lotion in Nigeria

Terrorism, Banditry: Zamfara government directs residents to acquire guns for self defence

The Commission added that the new regulations fall under the Companies and Allied Act, CAMA 2020.

What they said:

According to the statement, “The Commission hereby informs the general public that in exercise of the powers conferred by section 867 of the CAMA, 2020, the Honourable Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo (CON) has approved the Insolvency Regulations (IR) 2022″

The Commission added that the regulation of insolvency proceedings under the CAMA includes: Company Voluntary Arrangements, Administration of Companies, Receivership/Managership, Winding-up by the Court, Creditors’ Voluntary Winding-up, Arrangements and Compromise, Netting, and Dissolution of Incorporated Trustees.

“The IR shall not apply to the Rules of Court relating to insolvency applications made by the Chief Judge of Federal High Court or any Court designated by an Act of the National Assembly as being vested with jurisdiction to hear cases arising out of the CAMA.”

It added that the Insolvency Regulations go into effect immediately.

In case you missed it

  • Nairametrics reported in August 2020 that President Muhammadu Buhari had assented to the Companies and Allied Matters Bill 2020, which was passed by the National Assembly. 
  • The Corporate Affairs Commission (CAC) announced the commencement of the implementation of the Companies and Allied Matters Act, 2020 (CAMA 2020) last year adding that it has introduced a self-service portal. 

Related

Tags: CACCorporate Affairs CommissionInsolvency RegulationsIROtunba Adeniyi Adebayo

Leave a Reply Cancel reply

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

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Two decisions Buhari needs to make to rescue his legacy on the Nigerian economy
    • NAFDAC raises alarm over banned European cosmetic product, Placentyne Hair Lotion in Nigeria
    • Terrorism, Banditry: Zamfara government directs residents to acquire guns for self defence

    Follow us on social media:

    Recent News

    Buhari requests Senate approval on ICPC and RMAFC commissioners’ appointment

    Two decisions Buhari needs to make to rescue his legacy on the Nigerian economy

    June 26, 2022
    Covid-19: NAFDAC give reasons for not approving herbal treament

    NAFDAC raises alarm over banned European cosmetic product, Placentyne Hair Lotion in Nigeria

    June 26, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com