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Section 848 Companies and Allied Matters Act (CAMA) 2020

Section 848 CAMA 2020

Section 848 Companies and Allied Matters Act is about Annual returns. It is under Chapter 6 (Accounts and annual returns) of the Act.

(1) The trustees of the association shall, not earlier than 30thJune or later than 31st December each year (other than the year in which it is incorporated), submit to the Commission a return showing the name of the association, the names, addresses and occupations of the trustees, and members of the council or governing body, particulars of any land held by the corporate body during the year, and of any change which has taken place in the constitution of the association during the preceding year.

(2) The return referred to in subsection (1) shall be accompanied by the audited statement of accounts for the year of return.

(3) If default is made in complying with this section, the corporate body is liable to a penalty as may be prescribed by regulation.

See also  Section 80 Companies and Allied Matters Act 2020

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