Section 822 CAMA 2020
Section 822 Companies and Allied Matters Act is about Annual returns. It is under Chapter 4 (Miscellaneous and supplemental) of the Act.
(1) Every individual, firm or corporation carrying on business under a registered business name shall, not later than the 30th day of June in each year, except the calendar year in which the business name is registered,deliver to the Commission a return in a prescribed form showing the particulars of the individual, firm or corporation and the nature of the business carried on.
(2) The returns shall be accompanied by the financial statement of the individual, firm or corporation in the business during the preceding period of January 1 to December 31.
(3) The returns and the accompanying financial statement shall be signed,in the case of an individual or firm consisting only of individuals, by the individuals and in the case of a corporation or a partner who is a corporation,by a director and the secretary.
(4) Every individual, firm or corporation that fails to comply with any of the provisions of this section is liable to a penalty and a daily default penalty prescribed in the Commission’s regulations.
