The Commission shall establish a fund (in this Act referred to as “the Fund”) which shall consist of —
(a)
money as may be allocated to it by the Federal Government ; and
(b)
such other money as may accrue to it in the performance of its functions.
Companies and Allied Matters Act 2020 · Part A
Section 13 Fund of the Commission
Cite as: Companies and Allied Matters Act 2020, section 13
What this section means
From the Part overview: CAMA 2020 Part A: the Corporate Affairs Commission (sections 1 to 17)
- The Commission’s Fund consists of money allocated by the Federal Government and other money it receives in performing its functions (section 13), and it is spent on administration, board and committee expenses, salaries and pensions, property maintenance and other functions under the Act (section 14).
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.