CAC Issues Fresh Guidelines For Banks Recapitalization, Merger

According to a statement released by the commission’s management and shared on its official Facebook page on Friday, the new directive is in line with its authority as outlined in Section 8 (1) (e) of the Companies and Allied Matters Act No. 3 of 2020, emphasizing the immediate compliance with the policy.

The guidelines are intended to provide assistance in the proper submission of applications for new incorporations, share capital increases, mergers, and changes in license authorization.

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