Section 753 CAMA 2020

Section 753 Companies and Allied Matters Act is about Incorporation documents. It is under Chapter 2 (Incorporation of limited liability partnership and incidental matters) of the Act.

(1) For a limited liability partnership to be incorporated—

(a) two or more persons associated for carrying on a lawful business with a view to profit shall subscribe their names to an incorporation document ; and

(b) the incorporation documents shall be filed in the manner and with the fees, as may be prescribed by the Commission from time to time.

(2) The incorporation documents shall be in the form as prescribed bythe Commission and shall—

(a) state the name of the limited liability partnership ;

(b) state the proposed business of the limited liability partnership ;

(c) state the address of the registered office of the limited liability partnership ;

(d) state the name and address of each of the persons who are partners of the limited liability partnership on incorporation ;

(e) state the name and address of the persons who are to be designated partners of the limited liability partnership on incorporation ;

(f ) contain other information concerning the proposed limited liability partnership as the Commission may prescribe.

(3) If a person knowingly makes a statement under subsection (2) which is false, he commits an offence and is liable on conviction to imprisonment for a term of three months or a fine as the Court deems fit or both.