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Section 728 Companies and Allied Matters Act (CAMA) 2020

Section 728 CAMA 2020

Section 728 Companies and Allied Matters Act is about Registered and head office of company. It is under Chapter 29 (Miscellaneous and supplemental application of this part) of the Act.

(1) The address of the registered or head office of a company given to the Commission in accordance with section 36 (2) (b) of this Act orany change in the address made in accordance with the provisions of thissection, shall be the office to which all communications and notices to the company may be addressed.

(2) Notice of any change in the address of the registered or head office of the company shall be given within 14 days of the change to the Commission which shall record the same :

Provided that a postal box address or a private mailbag address shall not beaccepted by the Commission as the registered or head office.

(3) If a company carries on business without complying with subsection (2),the company and each officer of the company shall be liable to a penalty prescribed in the regulations every day during which the company so carries on business.

(4) The fact that a change in the address of a company is included in its annual return shall not be taken to satisfy the obligation imposed by this section.

(5) Where a company incorporated before the commencement of this Act has provided an address not in accordance with this section or section 36of this Act, as the case may be, it shall within 14 days after such commencement comply with the requirements of this section and the failure shall be an offence liable to a penalty as prescribed in the regulations.

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