Home » Nigeria » Nigeria CAMA 2020 » Section 825 Companies and Allied Matters Act (CAMA) 2020

Section 825 Companies and Allied Matters Act (CAMA) 2020

Section 825 CAMA 2020

Section 825 Companies and Allied Matters Act is about Method of application. It is under Chapter 1 (Incorporated trustees) of the Act.

(1) Application under section 823 shall be in the form prescribed by the Commission and shall state the—

(a) name of the proposed corporate body which must contain the words“Incorporated Trustees of” ;

(b) aims and objects of the association which shall be for the advancement of any religious, educational, literary, scientific, social, development, cultural,sporting or charitable purpose, and shall be lawful ; and

(c) names, addresses and occupations of the secretary of the association,if any.

(2) There shall be attached to the application—

(a) two printed copies of the constitution of the association ;

(b) duly signed copies of the minutes of the meeting appointing the trustees and authorising the application showing the people present and the votes scored ; and

(c) the impression or drawing of the proposed common seal, if there is one.

(3) The application shall be signed by the person making it.

(4) The Commission may require such declaration or other evidence in verification of the statements and particulars in the application, and such other,information and evidence, if any, as it may deem fit.

(5) If any person knowingly makes any false statement or gives any false information for the purpose of incorporating trustees under this Part, he commits an offence and is liable on conviction to imprisonment for one year orto a fine as the Court deems fit.

See also  Section 36 Companies and Allied Matters Act 2020

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others