Home » Nigeria » Nigeria CAMA 2020 » Section 221 Companies and Allied Matters Act (CAMA) 2020

Section 221 Companies and Allied Matters Act (CAMA) 2020

Section 221 CAMA 2020

Notice of refusal to register

(1) If a company refuses to register a transfer of any debenture, the company shall, within two months after the date on which the transfer was lodged with the company, send to the transferee notice of the refusal.

(2) If any default is made in complying with the provisions of this section, the company and each officer of the company are liable to such fine as the Commission shall specify by regulation.

See also  Section 193 Companies and Allied Matters Act (CAMA) 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Your email address will not be published.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