Section 304 CAMA 2020

Section 304 Companies and Allied Matters Act is about Particulars with respect to directors in trade catalogues,etc. It is under Chapter 11 (Directors) of the Act.

(1) Every company to which this section applies shall, in all trade circulars, show cards and business letters on or in which the company’s name appears and which are issued or sent by the company to any person in Nigeria,state in legible characters with respect to every director—

(a) his present forename or the initials, and present surname ;

(b) any former forename and surname ; and

Provided that, if special circumstances exist which the Commission is of the opinion render it expedient that suchan exemption should be granted, the Commission may, subject to such conditions as it may prescribe by notice published in the Federal Government Gazette, exempt a company from the obligations imposed by this subsection.

(2) This section applies to every company incorporated under this Act,or any enactment repealed by it.

(3) If a company defaults in complying with this section, every officer of the company is liable to a penalty in such amount as the Commission shall specify in its regulations.

(4) For the purposes of this section—

(a) “initials” includes a recognised abbreviation of a forename ;

(b) references to a former forename or surname in the case of a married woman do not include the name or surname by which she was known previous to the marriage ; and

(c) “show cards” means cards containing or exhibiting articles dealt with, or samples or representations.