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Home » Nigeria CAMA 2020 » Section 108 Companies and Allied Matters Act 2020

Section 108 Companies and Allied Matters Act 2020

Section 108 CAMA 2020

Section 108 Companies and Allied Matters Act is about Impersonation of member. It is under Chapter 6 (Membership of the Company) of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Impersonation of member

If a person falsely and deceitfully impersonates any member of a company and thereby obtains or endeavours to obtain any benefit due to any such member, he commits an offence and is liable on conviction to—
(a) imprisonment for a term of not more than seven years or a fine as the court deems fit ;
(b) pay such additional fines as the Commission may specify by regulation ; and
(c) account to the aggrieved member for any benefit which he directly or indirectly derived as a result of his act of impersonation.

See also  Section 171 Companies and Allied Matters Act 2020

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