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Section 431 Companies and Allied Matters Act (CAMA) 2020

Section 431 CAMA 2020

Section 431 Companies and Allied Matters Act is about Employees’ shares and profit-sharing. It is under Chapter 16 (Annual returns) of the Act.

If under his contract of service, an employee is entitled to share inthe profits of the company as an incentive, he is entitled to share in the profits of the company, whether or not dividends have been declared.

See also  Section 168 Companies and Allied Matters Act 2020

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