Section 382 CAMA 2020 Section 382 Companies and Allied Matters Act is about Additional disclosure required in notes to financial statements. Second Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The additional matters contained in the Second Schedule shall be disclosed in the company’s financial statements for…

Section 381 CAMA 2020 Section 381 Companies and Allied Matters Act is about Meaning of holding company,subsidiary and wholly-owned subsidiary. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) Subject to subsection (4), a company is for the purposes of this Act deemed to be a subsidiary of another…

Section 380 CAMA 2020 Section 380 Companies and Allied Matters Act is about Form and content of group financial statements. First Schedule. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The group financial statements of a holding company shall comply with the requirements of the First Schedule to…

Section 379 CAMA 2020 Section 379 Companies and Allied Matters Act is about Group financial statements of holding company. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If, at the end of a year a company has subsidiaries, the directors shall, as well as preparing individual accounts of…

Section 378 CAMA 2020 Section 378 Companies and Allied Matters Act is about Form and content of individual financial statements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The financial statements of a company prepared under section377 of this Act, shall comply with the requirements of the First…

Section 377 CAMA 2020 Section 377 Companies and Allied Matters Act is about Directors’ duty to prepare annual accounts. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) In the case of every company, the directors shall, in respect of each year of the company, prepare financial statement for…

Section 376 CAMA 2020 Section 376 Companies and Allied Matters Act is about Penalties for non-compliance with sections 374 or 375. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) If a company fails to comply with any provision of section 374 or 375 (1), every officer of the…

Section 375 CAMA 2020 Section 375 Companies and Allied Matters Act is about Place,duration and form of records. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) The accounting records of a company shall be kept at its registered office or such other place in Nigeria as the directors…

Section 374 CAMA 2020 Section 374 Companies and Allied Matters Act is about Companies to keep accounting records. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. (1) Every company shall cause accounting records to be kept in accordance with this section. (2) The accounting records are sufficient to show…

Section 373 CAMA 2020 Section 373 Companies and Allied Matters Act is about Savings for legal practitioners and bankers. It is under Chapter 13 (Protection of minority against illegal and oppressive conduct action by or against the company) of the Act. Nothing in this Part requires disclosure to the Commission or to an inspector appointed…