CONSEQUENCES OF THE NEWLY AMENDED CAMA ON INCORPORATED TRUSTEES (NGOs, Associations and Religious Bodies)

In our previous article, we discussed how the new Companies and Allied Matters Act (CAMA) affects entrepreneurs/business owners and established the fact that what you don’t know can actually kill you (or your business), as ignorance of the law is no excuse.

Now, we will share vital provisions of the amended CAMA that affect incorporated trustees. They are as follows: