Every company shall, once at least in every year, make and deliver to the Commission an annual return in the form, and containing the matters specified in sections 418, 419 or 420 as may be applicable : Provided that a company need not make a return under this section either in the year of its incorporation or, if it is not required by section 237 to hold an annual general meeting during the following year, in that year.
Companies and Allied Matters Act 2020 · Part B · Chapter 16
Section 417 Annual return by company limited by shares or guarantee
Cite as: Companies and Allied Matters Act 2020, section 417
What this section means
From the guide: When are annual returns due under CAMA 2020, and what is the penalty for late filing?
- Under section 417, every company must make and deliver an annual return to the Commission at least once a year.
- If a company required to comply with sections 417 to 423 fails to do so, the company and every director or officer are liable to a penalty set by the Commission.
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.