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Section 866 Companies and Allied Matters Act (CAMA) 2020

Section 866 CAMA 2020

Section 866 Companies and Allied Matters Act is about Power to compound offences. It is under Chapter 2 (Miscellaneous and supplemental) of the Act.

The Commission shall have power to compound any administrative offence under this Act by accepting such sums of money as it deems fit in the circumstance but not exceeding the maximum fine to which the offender wouldhave been liable if he had been convicted of the offence.

See also  Section 606 Companies and Allied Matters Act (CAMA) 2020

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