Section 302 CAMA 2020
Section 302 Companies and Allied Matters Act is about General duty to give notice, etc. It is under Chapter 11 (Directors) of the Act.
(1) It is the duty of any director of a company to give notice to the company of such matters relating to himself as may be necessary for the purposes of sections 301 and 303 of this Act except so far as it relates to loans made by the company or by any other person under a guarantee from or on a security provided by the company, to an officer.
(2) Any notice given for the purposes of this section, shall be in writing and if it is not given at a meeting of the directors, the director giving it shall do all things reasonably necessary to secure that it is brought up and read at the next meeting of directors after it is given.
(3) Subsection (1) shall, to the extent to which it applies in relation to directors, apply to the like extent for the purposes of—
(a) section 303 of this Act in relation to officers other than directors, and
(b) section 303 of this Act in relation to persons who are or have at anytime during the preceding five years been officers of the company.
(4) Any person who makes default in complying with the provisions of this section is liable to a penalty in such amount as the Commission shall specify in its regulations.
