Section 845 CAMA 2020
Section 845 Companies and Allied Matters Act is about Bi-annual statement of affairs. It is under Chapter 6 (Accounts and annual returns) of the Act.
(1) The trustees of an association shall submit to the Commission a bi-annual statement of affairs of the association, as the Commission shall specify in its regulations.
(2) If the trustees fail to comply with subsection (1), each trustee shall be liable to a penalty for every day during which the default continues in such amount as the Commission shall specify in its regulations.
