Home » Nigeria CAMA 2020 » Section 83 Companies and Allied Matters Act 2020

Section 83 Companies and Allied Matters Act 2020

Section 83 CAMA 2020

Section 83 Companies and Allied Matters Act is about Penalties for false information. It is under Chapter 3 (Foreign Companies) of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Penalties for false information

(1) A person who, for the purpose of obtaining an exemption or of complying with any of the provisions of section 80 of this Act, makes any statement or presents any instrument which is false commits an offence unless he proves that he has taken all reasonable steps to ascertain the truth of the statement made or contained in the instrument so presented.

(2) Any person who contravenes subsection (1) commits an offence under this section is liable on conviction to a fine or imprisonment as the Court deems fit.

See also  Section 45 Companies and Allied Matters Act 2020

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