Section 111 Companies and Allied Matters Act 2020

Section 111 CAMA 2020

Section 111 Companies and Allied Matters Act is about Index of members to be kept. It is under Chapter 6 (Membership of the Company) of PART B (Incorporation of Companies and Incidental Matters) of the Act.

Index of members to be kept

(1) Every company having more than 50 members shall, unless the register of members is in such a form as to constitute in itself an index, keep an index of the names of the members of the company.

(2) Where a company makes any alteration in the register of members, the company shall, within 14 days after the date which the alteration is made, make such necessary alterations in the index.

(3) The index shall, in respect of each member, contain sufficient indication to enable the account of that member in the register to be readily found.

(4) The index shall, at all times, be kept at the same place as the register of members.

(5) If default is made in complying with the provisions of this section, the company and every officer of the company are liable to such penalties as the Commission shall specify by regulation.

See also  Section 155 Companies and Allied Matters Act 2020

Published by

LawGlobal Hub

LawGlobal Hub is your innovative global resource of law and more. Among other things, we ensure easy accessibility to the laws of countries around the world.

Leave a Reply

Your email address will not be published. Required fields are marked *