CAC places Doman Engineering under caveat, announces restrictions over investigation

The Corporate Affairs Commission, CAC has announced that it is investigating the ownership, rank and absorption of Doman Engineering Company Limited.

CAC made this disclosure successful a connection connected X on Tuesday.

According to CAC, owed to the ongoing investigation, it has placed the steadfast nether CAVEAT.

CAC noted that parties person been advised to desist from actions that could beryllium construed arsenic self-help successful the look of pending tribunal actions.

“The Commission wishes to notify the Public that it is investigating the membership, ownership and absorption of the above-mentioned institution pursuant to its powers enshrined successful sections 8(1)(c), 358(2) and 369(1) & (2) of the Companies and Allied Matters Act (CAMA), 2020. As a effect of the investigation, the company’s record has been placed nether CAVEAT and classified arsenic nether investigation.

“The Commission notes with regret that, successful spite of this presumption and explicit regulatory directive to support the presumption quo, contending parties person been progressive successful acts ca...