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Companies and Allied Matters Act 2020 · Part B · Chapter 3

Section 83 Penalties for false information

(1)
A person who, for the purpose of obtaining an exemption or of complying with any of the provisions of section 80 of this Act, makes any statement or presents any instrument which is false commits an offence unless he proves that he has taken all reasonable steps to ascertain the truth of the statement made or contained in the instrument so presented.
(2)
Any person who contravenes subsection (1) commits an offence under this section is liable on conviction to a fine or imprisonment as the Court deems fit.
Cite as: Companies and Allied Matters Act 2020, section 83

What this section means

From the guide: Foreign companies carrying on business in Nigeria under CAMA 2020

  • The penalty is a fine or imprisonment as the court decides (section 83).

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.