Section 339 CAMA 2020

Section 339 Companies and Allied Matters Act is about Duty to notify the Commission of changes. It is under Chapter 12 (Secretaries) of the Act.

(1) A company shall, within 14 days, from—

(a) a person becoming or ceasing to be a secretary, or

(b) the occurrence of any change in the particulars contained in its register of secretaries, give notice to the Commission of the change and of the date on which it occurred.

(2) Notice of a person having become a secretary of the company shall—

(a) contain a statement of the particulars of the new secretary that are required to be included in the company’s register of secretaries ; and

(b) be accompanied by a consent, by that person, to act in that capacity.

(3) If default is made in complying with this section, the company and each officer of the company are liable to a penalty for every day during which the default continues in such amount as the Commission shall specify in its regulations.