Section 402 CAMA 2020 Section 402 Companies and Allied Matters Act is about Exemption from audit requirement. It is under Chapter 15 (Audit) of the Act. (1) A company is exempt from the requirements of this Act relating to the audit of accounts in respect of a financial year if— (a) it has not carried…

Section 401 CAMA 2020 Section 401 Companies and Allied Matters Act is about Appointment of auditors. It is under Chapter 15 (Audit) of the Act. (1) Every company shall at each annual general meeting appoint an auditor or auditors to audit the financial statements of the company, and to hold office from the conclusion of…

Section 400 CAMA 2020 Section 400 Companies and Allied Matters Act is about Power to alter accounting requirements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. The Minister may after consultation with the Financial Reporting Council of Nigeria by regulations in a statutory instrument— (a) add to the classes…

Section 399 CAMA 2020 Section 399 Companies and Allied Matters Act is about Publication of a bridged financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) This section applies to the publication by a company of abridged financial statements, that is to say, any balance sheet or…

Section 398 CAMA 2020 Section 398 Companies and Allied Matters Act is about Publication by a company of full individual or group financial statements.Fourth Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) This section applies to the publication by a company of full individual or group financial…

Section 397 CAMA 2020 Section 397 Companies and Allied Matters Act is about Modified financial statements of holding company. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) This section applies to a holding company where in respect of a year section 379 requires the preparation of group financial…

Section 396 CAMA 2020 Section 396 Companies and Allied Matters Act is about Modified individual financial statements. Sixth Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The directors of a company may (subject to section 397 where the company has subsidiaries) deliver individual financial statements modified as…

Section 395 CAMA 2020 Section 395 Companies and Allied Matters Act is about Companies qualifying as small: parent companies. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) A parent company qualifies as a small company in relation toa financial year only if the group headed by it qualifies…

Section 394 CAMA 2020 Section 394 Companies and Allied Matters Act is about Qualification of a small company. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) A company qualifies as small in relation to its first financialyear if the qualifying conditions are met in that year. (2) A…

Section 393 CAMA 2020 Section 393 Companies and Allied Matters Act is about Entitlement to deliver financial statements in modified form. Sixth Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In certain cases a company’s directors may, in accordance with Part 1 of the Sixth Schedule to…