The Mechanisms of Corporate Meetings under the Companies and Allied Matters Act (CAMA) 1990

The purpose of this study was to assess the mechanism of corporate meetings under the Companies and Allied Matters Act (CAMA) 1990. This review revealed two major types of meetings, public meetings convened by individuals or bodies to which there is an open invitation extended to any member of the public, and meetings of bodies of which the members are limited and known. However, the study was preoccupied with the second category. Therefore, there is the need for the various Legislatures of countries to work towards enacting effective and efficient company legislation to that effect. It is recommended among others that in Nigeria that the fine of N50 for every day of default to hold a statutory meeting should be reviewed to be punitive.