Section 698 CAMA 2020

Section 698 Companies and Allied Matters Act is about Annual accounts of company winding-up and disposal. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act.

(1) The Commission and every officer by whom fees are taken under this Act in relation to the winding-up of companies, shall make returns and give information to the Accountant-General of the Federation in such form as he may require and the accounts of the Commission relating to the winding-up of companies shall be audited at the end of each year in the manner prescribed by the Constitution.

(2) The Accountant-General of the Federation shall, before the end of each year in which the audit is made, prepare for submission to the President an account of the winding-up of companies, as audited by the Accountant-General for the Federation, showing in respect of such winding-up, the receipts and expenditure during the previous year, and any other matter which the President or the Minister, as the case may be, may require.