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Companies and Allied Matters Act 2020 · Part B · Chapter 11

Section 318Register of directors

(1)
Every company shall keep a register of its directors.
(2)
The register shall contain the required particulars of each person who is a director of the company.
(3)
The register shall be kept available for inspection at the company’s registered office.
(4)
The company shall give notice to the Registrar—
(a)
of the place at which the register is kept available for inspection, and
(b)
of any change in that place, unless it has at all times been kept at the company’s registered office.
(5)
The Register shall be open to the inspection of any—
(a)
member of the company without charge, and
(b)
other person on payment of such fee as may be prescribed.
(6)
If default is made in complying with subsection (1), (2) or (3) or if default is made for 14 days in complying with subsection (4), or if an inspection required under subsection (5) is refused, the company and each officer of the company is each liable to a penalty in such amount as the Commission shall specify in its regulations.
(7)
In the case of a refusal of inspection of the register, the Court may upon application by any person aggrieved, by order compel an immediate inspection of it.
Cite as: Companies and Allied Matters Act 2020, section 318

What this section means

From the guide: Director registers and residential addresses under CAMA 2020

  • Every company must keep a register of directors and a separate register of directors’ residential addresses, and must tell the Commission within 14 days of any change (sections 318 to 321).
  • Section 318 requires every company to keep a register of directors, held available for inspection at the registered office.

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.