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Section 330 Companies and Allied Matters Act (CAMA) 2020

Section 330 CAMA 2020

Section 330 Companies and Allied Matters Act is about Secretaries. It is under Chapter 12 (Secretaries) of the Act.

(1) Except in the case of a small company, every company shall have a secretary.

(2) Where at the commencement of this Act a public company has not appointed a secretary, the company shall not later than six months after the commencement of this Act appoint a secretary.

(3) Anything required or authorised to be done by or of the secretary may, if the office is vacant or there is for any other reason no secretary capable of acting, be done by or of any assistant or deputy secretary or, if there is no assistant or deputy secretary capable of acting, by or of any officer of the company authorised generally or specially by the directors.

(4) If a public company contravenes the provisions of this section, the company and the directors of the company are liable to a fine in such amount as the Commission shall specify and, in the case of continued contravention,to a daily penalty in such amount as the Commission shall specify.

See also  Section 466 Companies and Allied Matters Act (CAMA) 2020

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