Home » Nigeria » Nigeria CAMA 2020 » Section 741 Companies and Allied Matters Act (CAMA) 2020

Section 741 Companies and Allied Matters Act (CAMA) 2020

Section 741 CAMA 2020

Section 741 Companies and Allied Matters Act is about Application of fines. It is under Chapter 29 (Miscellaneous and supplemental application of this part) of the Act.

A court imposing a fine under this Act may direct that the whole orany part thereof be applied in or towards payment of the costs of the proceedings, or in or towards rewarding the person on whose information or at whose suit the fine is recovered and subject to the direction, all fines under this Act shall, notwithstanding anything in any other enactment, be paid into the Consolidated Revenue Fund.

See also  Section 36 Companies and Allied Matters Act 2020

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others