Section 386 Companies and Allied Matters Act (CAMA) 2020
Section 386 CAMA 2020 Section 386 Companies and Allied Matters Act is about Signing of balance sheet and documents to be annexed thereto. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) A company’s balance sheet and every copy of it which is laidbefore the company in general meeting […]
Section 385 Companies and Allied Matters Act (CAMA) 2020
Section 385 CAMA 2020 Section 385 Companies and Allied Matters Act is about Directors’ report. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In the case of every company, there shall be prepared inrespect of each year, a report by the directors— (a) containing a fair view of […]
Section 384 Companies and Allied Matters Act (CAMA) 2020
Section 384 CAMA 2020 Section 384 Companies and Allied Matters Act is about Disclosure of loans to officers of the company and statements of amounts outstanding.Third Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The group financial statements of a holding company for a year shall comply […]
Section 383 Companies and Allied Matters Act (CAMA) 2020
Section 383 CAMA 2020 Section 383 Companies and Allied Matters Act is about Disclosure of loans in favour of directors and connected persons.Third Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The group financial statements of a holding company for a year shall comply with Part I […]
Section 382 Companies and Allied Matters Act (CAMA) 2020
Section 382 CAMA 2020 Section 382 Companies and Allied Matters Act is about Additional disclosure required in notes to financial statements. Second Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The additional matters contained in the Second Schedule shall be disclosed in the company’s financial statements for […]
Section 381 Companies and Allied Matters Act (CAMA) 2020
Section 381 CAMA 2020 Section 381 Companies and Allied Matters Act is about Meaning of holding company,subsidiary and wholly-owned subsidiary. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) Subject to subsection (4), a company is for the purposes of this Act deemed to be a subsidiary of another […]
Section 380 Companies and Allied Matters Act (CAMA) 2020
Section 380 CAMA 2020 Section 380 Companies and Allied Matters Act is about Form and content of group financial statements. First Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The group financial statements of a holding company shall comply with the requirements of the First Schedule to […]
Section 379 Companies and Allied Matters Act (CAMA) 2020
Section 379 CAMA 2020 Section 379 Companies and Allied Matters Act is about Group financial statements of holding company. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If, at the end of a year a company has subsidiaries, the directors shall, as well as preparing individual accounts of […]
Section 378 Companies and Allied Matters Act (CAMA) 2020
Section 378 CAMA 2020 Section 378 Companies and Allied Matters Act is about Form and content of individual financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The financial statements of a company prepared under section377 of this Act, shall comply with the requirements of the First […]
Section 377 Companies and Allied Matters Act (CAMA) 2020
Section 377 CAMA 2020 Section 377 Companies and Allied Matters Act is about Directors’ duty to prepare annual accounts. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In the case of every company, the directors shall, in respect of each year of the company, prepare financial statement for […]