-
Section 416 CAMA 2020 Section 416 Companies and Allied Matters Act is about False statements to auditors. It is under Chapter 15 (Audit) of the Act. (1) An officer of a company commits an offence if he knowingly or recklessly makes to a company’s auditors a statement (whether written ororal) which— (a) conveys or purports…
-
Section 415 CAMA 2020 Section 415 Companies and Allied Matters Act is about Liability of auditors for negligence. It is under Chapter 15 (Audit) of the Act. (1) A company’s auditor shall in the performance of his duties exercise all such care, diligence and skill as is reasonably necessary in each particular circumstance. (2) Where…
-
Section 414 CAMA 2020 Section 414 Companies and Allied Matters Act is about Powers of auditors in relation to subsidiaries. It is under Chapter 15 (Audit) of the Act. (1) Where a company has a subsidiary, then— (a) if the subsidiary is a body corporate, incorporated in Nigeria, it is the duty of the subsidiaries…
-
Section 413 CAMA 2020 Section 413 Companies and Allied Matters Act is about Right of resigning auditor to requisition company meeting. It is under Chapter 15 (Audit) of the Act. (1) Where an auditor’s notice of resignation contains a statement under section 412 (2) (b), there may be deposited with the notice a requisition signed…
-
Section 412 CAMA 2020 Section 412 Companies and Allied Matters Act is about Resignation of auditors. It is under Chapter 15 (Audit) of the Act. (1) An auditor of a company may resign his office by depositing a notice in writing to that effect at the company’s registered office, and such notice operates to bring…
-
Section 411 CAMA 2020 Section 411 Companies and Allied Matters Act is about Supplementary provisions relating to auditors. It is under Chapter 15 (Audit) of the Act. (1) A special notice is required for a resolution at a general meeting of a company— (a) appointing as auditor a person other than a retiring auditor ;…
-
Section 410 CAMA 2020 Section 410 Companies and Allied Matters Act is about Auditors’ right to attend company’s meetings. It is under Chapter 15 (Audit) of the Act. (1) A company’s auditors are entitled to attend any general meeting of the company and to receive all notices of and other communications relating to any general…
-
Section 409 CAMA 2020 Section 409 Companies and Allied Matters Act is about Removal of auditors. It is under Chapter 15 (Audit) of the Act. (1) A company may by ordinary resolution remove an auditor before the expiration of his term of office, notwithstanding anything in any agreement between it and him. (2) Where a…
-
Section 408 CAMA 2020 Section 408 Companies and Allied Matters Act is about Renumeration of auditors. It is under Chapter 15 (Audit) of the Act. (1) The remuneration of the auditors of a company— (a) in the case of an auditor appointed by the directors, may be fixed bythe directors ; or (b) shall, subject…
-
Section 407 CAMA 2020 Section 407 Companies and Allied Matters Act is about Auditors’ duties and powers. It is under Chapter 15 (Audit) of the Act. (1) The company’s auditors shall, in preparing their report to carry out such investigations as may enable them to form an opinion whether— (a) proper accounting records have been…