Regulatory Alerts2009-01-01
Companies Act 2009
Sierra Leone's legislature enacted this comprehensive statute to establish a unified legal framework for the incorporation, governance, and regulation of companies. It mandates the Corporate Affairs Commission to oversee registration, enforces strict directors' duties and financial reporting standards, and protects minority shareholders against oppressive conduct. The legislation further codifies procedural requirements for share capital, debentures, corporate meetings, and both court-supervised and voluntary winding-up processes.
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