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Section 216 Companies and Allied Matters Act (CAMA) 2020

Section 2016 CAMA 2020

Company’s register of charges

(1) Every company shall keep, at the registered office of the company, a register of charges and enter therein all charges specifically affecting property of the company and all floating charges on the undertaking or any property of the company, giving in each case a short description of the property charged, the amount of the charge, and, except in the case of securities to bearer, the names of the persons entitled thereto.

(2) If any officer of the company knowingly and willfully authorises or permits the omission of any entry required to be made under this subsection, he is liable to such fines as the Commission shall specify in the regulation.

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