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 been complied with by a company before the end of the period allowed for laying and delivering financial statements, and

(b) the directors of the company fail to make good the default within 14days after the service of a notice on them requiring compliance, the court may on application by any member or creditor of the company or by theCommission make an order directing the directors (or any of them) to make good the default within such time as may be specified in the order.

(2) The court order may provide that all costs of and incidental to the application be borne by the directors.

(3) Nothing in this section affects the provisions of section 389 of this Act.