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Companies and Allied Matters Act 2020 · Part B · Chapter 18

Section 482 Details to be stated on documents

(1)
If a company is in administration, every business document issued by or on behalf of the company or the administrator, and all the company’s websites, shall state—
(a)
the name of the administrator ; and
(b)
that the affairs, business and property of the company are being managed by the administrator.
(2)
An administrator, officer of the company or the company who, without reasonable excuse, authorises or permits a contravention of subsection (1), commits an offence.
(3)
In subsection (1), “business document” includes—
(a)
an invoice ;
(b)
an order for goods or services ;
(c)
a business letter ; and
(d)
an order form, whether in hard copy, electronic or any other form.
Cite as: Companies and Allied Matters Act 2020, section 482

What this section means

From the guide: What is administration of a company under CAMA 2020?

  • Business documents and websites must state the administrator’s name and that the administrator is managing the company (section 482).
  • Offences under a list of sections, including sections 455, 470, 482, 483, 484, 486 and 488, carry a daily default fine of not less than ₦5,000 (section 544).

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.