Any person who contravenes or fails to comply with an order made under section 355 that is applicable to him, commits an offence and is liable to a penalty as the Commission shall specify in its regulations.
Companies and Allied Matters Act 2020 · Part B · Chapter 13
Section 356 Penalty for failure to comply with order of the court
Cite as: Companies and Allied Matters Act 2020, section 356
What this section means
From the guide: Minority shareholders under CAMA 2020: derivative actions and unfair prejudice
- Failing to comply with an order is an offence (sections 355(4) and (5), and 356).
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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.