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Section 820 Companies and Allied Matters Act (CAMA) 2020

Section 820 CAMA 2020

Section 820 Companies and Allied Matters Act is about Publication of true name. It is under Chapter 4 (Miscellaneous and supplemental) of the Act.

(1) Every individual, firm or corporation required by this Act to be registered shall in all trade catalogues, trade circulars, show cards,complimentary cards, notices, bills of exchange, promissory notes,endorsements, cheques, orders for money or goods, invoices, receipts, letters of credits, advertisements, business letters and other official documents issued or sent by the individual or firm to any person, have mentioned in legible characters—

(a) in the case of an individual, his present forenames or the initials thereof and present surname and any former forenames or surname and his nationality ; and

(b) in the case of a firm, the present forenames or the initials thereof and present surname, and any former forenames or surnames and the nationality of all the partners in the firm or in the case of a company being a partner,the corporate name ; and

(c) the registration number of the business name.

(2) Without prejudice to section 19, the provisions of subsection (1) do not apply in relation to a document issued by a firm with more than 20 partners if the following conditions are met—

(a) the partnership maintains at its principal place of business a list of names of all the partners ;

(b) no partners’ name appears in the document, except in text or as a signatory ; and

(c) the document states in legible characters the address of the firm’s principal place of business and that the list of the partner’s names is open to inspection there.

See also  Section 498 Companies and Allied Matters Act (CAMA) 2020

(3) Where a firm maintains a list of the partners’ names for the purposes of this section, any person may inspect the list during ordinary business hours.

(4) Any member of the firm, who, without reasonable justification, refuses or sanctions the refusal of an inspection required by a person in accordance with this section, commits an offence and is liable to a fine in such amount as the Commission shall specify in its regulations.

(5) Where an individual referred to in subsection (1) is a minor, the words “a minor” shall be added, in brackets, after his name.

(6) If an individual, firm or corporation fails to comply with this section,the individual or each partner in the firm is liable to a penalty in such amount as the Commission shall specify in its regulations.

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