Section 418 CAMA 2020
Section 418 Companies and Allied Matters Act is about Annual return by company having shares other than small company. It is under Chapter 16 (Annual returns) of the Act.
(1) The annual return by a company having shares other than asmall company shall contain with respect to the registered office of the company,registers of members and debenture holders, shares and debentures, indebtedness,past and present members, directors and secretary, the matters specified in PartI of the Seventh Schedule to this Act, and the return shall be in the form set outin Part II of that Schedule or as near to it as circumstances admit.
(2) Where the company has converted any of its shares into stock and given notice of the conversion to the Commission, the list referred to in paragraph 5 of Part I of the Seventh Schedule to this Act shall state the amount of stock held by each of the existing members instead of the number of shares and the particulars relating to shares required by that paragraph.
(3) The return may, in any year, if the return for either of the two immediately preceding years has given, as at the date of that return, the full particulars required by the paragraph 5 of the Seventh Schedule to this Act,give only such particulars required by that paragraph as relate to persons ceasing to be or becoming members since the date of the last return and to shares transferred since that date in the amount of stock held by a member.
