Section 396 Companies and Allied Matters Act (CAMA) 2020
Section 396 CAMA 2020 Section 396 Companies and Allied Matters Act is about Modified individual financial statements. Sixth Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The directors of a company may (subject to section 397 where the company has subsidiaries) deliver individual financial statements modified as […]
Section 395 Companies and Allied Matters Act (CAMA) 2020
Section 395 CAMA 2020 Section 395 Companies and Allied Matters Act is about Companies qualifying as small: parent companies. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) A parent company qualifies as a small company in relation toa financial year only if the group headed by it qualifies […]
Section 394 Companies and Allied Matters Act (CAMA) 2020
Section 394 CAMA 2020 Section 394 Companies and Allied Matters Act is about Qualification of a small company. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) A company qualifies as small in relation to its first financialyear if the qualifying conditions are met in that year. (2) A […]
Section 393 Companies and Allied Matters Act (CAMA) 2020
Section 393 CAMA 2020 Section 393 Companies and Allied Matters Act is about Entitlement to deliver financial statements in modified form. Sixth Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In certain cases a company’s directors may, in accordance with Part 1 of the Sixth Schedule to […]
Section 392 Companies and Allied Matters Act (CAMA) 2020
Section 392 CAMA 2020 Section 392 Companies and Allied Matters Act is about Shareholders’ right to obtain copies of financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) Any member of a company, whether or not entitled to have copies of the company’s financial statements sent to […]
Section 391 Companies and Allied Matters Act (CAMA) 2020
Section 391 CAMA 2020 Section 391 Companies and Allied Matters Act is about Penalty for laying or delivering defective financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If any financial statements of a company (other than its group financial statement) of which a copy is laid […]
Section 390 Companies and Allied Matters Act (CAMA) 2020
Section 390 CAMA 2020 Section 390 Companies and Allied Matters Act is about Default order in case of non-compliance. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If— (a) in respect of a year, any of the requirements of section 388 (1) and(3) of this Act has not […]
Section 389 Companies and Allied Matters Act (CAMA) 2020
Section 389 CAMA 2020 Section 389 Companies and Allied Matters Act is about Penalty for non-compliance with section 388. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If in a year any of the requirements of section 388 (1) or (3)are not complied with by any company, every […]
Section 388 Companies and Allied Matters Act (CAMA) 2020
Section 388 CAMA 2020 Section 388 Companies and Allied Matters Act is about Directors’ duty to lay and deliver financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In respect of each year, the directors shall, at a date not later than 18 months after incorporation of […]
Section 387 Companies and Allied Matters Act (CAMA) 2020
Section 387 CAMA 2020 Section 387 Companies and Allied Matters Act is about Persons entitled to receive financial statements as of right. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In the case of every company, a copy of the company’sfinancial statements for the year shall, at least […]