A company may, on giving notice by advertisement in a daily newspaper circulating in the district in which the registered office of the company is situated, close the register of members or any part of it for any time or times not exceeding, on the whole, 30 days in each year.
Companies and Allied Matters Act 2020 · Part B · Chapter 6
Section 114Power to close register
Cite as: Companies and Allied Matters Act 2020, section 114
What this section means
From the guide: Members of a company and the register of members under CAMA 2020
- A company can close the register for up to 30 days in total each year after advertising in a daily newspaper circulating where its registered office is (section 114).
Read the whole subject
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.