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...The bill for amendment of companies and allied matters act a panoramic view amended provisions chioma okonkwo cokonkwo aelex com corporate commercial practice group introduction chapter c laws federation nigeria cama was enacted in although it an improvement repealed can be considered as being obsolete almost thirty years after came into force there have been cries from many quarters to so that investors business owners operate under favourable conditions consequently on january house representatives federal republic passed repeal enact senate had previously may seeks cure existing shortcomings extant bring line with global best practices major substantive amendments are highlighted below current single member must minimum is possible company two members at all only one times substitution section requirement authorised every share capital has replaced issued once allots cannot issue shares tune above complied stamp duties therefore paid whether which finally or not private hundred thou...