Section 544 CAMA 2020
Section 544 Companies and Allied Matters Act is about Penalties. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.
(1) Unless otherwise provided, a person who commits an offence under this Chapter is liable on conviction to a fine of at least N200,000.
(2) A person who commits an offence under—
(a) section 455,
(b) section 467,
(c) section 470,
(d) section 482,
(e) section 483,
(f ) section 484,
(g) section 486,
(h) section 488,
(i) section 491,
(j) section 493,
(k) section 508,
(l) section 509,
(m) section 514,
(n) section 516,
(o) section 518,
(p) section 522,
(q) section 524, and
(r) section 527,is liable on conviction to a daily default fine of not less than N5,000.
