COMPANIES AND ALLIED MATTERS ACT, 2020

Section 740: Extended effect of penalty for offence of fraudulent trading.

2020Section 740 of 870Federal Republic of Nigeria

The provisions of section 672 (3) of this Act which imposes a penalty for certain offences connected with fraudulent trading discovered on the winding-up of a company shall extend and apply to cases where fraudulent trading is discovered in circumstances other than on the winding-up of a company.

Cite this section

Section 740, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/740/