International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 7, Issue 1 (2022)

Companies’ power to alter articles of association under the Nigerian companies Act 2020: Matters arising


Babajide S Shoroye

From the nature and legal effect of Articles of Association of a company, its alteration may implicate a breach of rights of members and the contractual obligations to its officers and third parties. In this paper, we examine the power of the company to make alteration to its Articles of Association under the relevant provisions of the Nigerian Companies Act 2020, including the legal matters that inevitably arise from the exercise of that power. We determine when alteration of Articles may result in breach of members’ rights or the company’s contractual obligations, and identify the attachment of liability for any breach. The paper concludes with useful hints on the best approach towards making alteration to a company’s Articles of Association without occasioning any breach of rights or obligations under the Companies Act 2020.
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How to cite this article:
Babajide S Shoroye. Companies’ power to alter articles of association under the Nigerian companies Act 2020: Matters arising. International Journal of Academic Research and Development, Volume 7, Issue 1, 2022, Pages 12-18
International Journal of Academic Research and Development International Journal of Academic Research and Development