Introduction
On 25th January 2021, the Corporate Affairs Commission
( CAC ) notified the public, particularly the banking,
financial and insurance companies (as well as deposit, provident
and benefit societies) to submit the Statement in the 14th Schedule
( the Statement ), prescribed under section 733 of the
Companies and Allied Matters Act 2020 ( CAMA 2020 )
through any of the designated courier companies. Subsequently, on
1st February, 2021, the CAC notified the public about the new
filing fees and penalties for the late filing of the Statement in
the 14th Schedule.
Filing of Statutory Statement
Section 733(1) (formerly section 553 CAMA 1990) of CAMA 2020
provides that: every banking company, insurance company or a deposit,
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The Institute of Chartered Secretaries and Administrators of Nigeria and the Corporate Affairs Commission have agreed on the need to close the gaps in the provisions of the Companies and Allied Matters Act 2020.
ICSAN disclosed this after the communique issued at the end of the webinar held by the institute with the Registrar General, Corporate Affairs Commission, Alhaji Garba Abubakar, on some provisions in CAMA 2020.
The webinar, which was organised to discuss the theme, ‘Are existing companies prohibited from having uninsured shares after June 30, 2021 under section 124 of CAMA?’ had the President, ICSAN, Mr Bode Ayeku, as the chief host.
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James Imo, 28, is a co-founder of Ibeddings Interiors. He speaks with TOLUWALOPE KAREEM about his business
Tell
us about your business?
We deal in high quality beddings such as bed sheets, duvets, pillowcases, window curtain fabrics and automated window blinds, in both wholesale and retail.
What is your educational background?
I studied Computer Engineering at the Michael Okpara University of Agriculture Umudike, Abia State.
Do you have any corporate work experience?
No, I do not. However, I worked with my dad for three years before we set up this company. I also volunteered with a non-governmental organisation back in the university.
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Published
Comrade Daniel Onjeh, the Chairman Governing Board of Projects Development Institute (PRODA), has called for the immediate resignation of the Speaker of the House of Representatives, Femi Gbajabiamila.
PRODA, an agency of government, has been under probe by the Reps Committee on Public Procurement over activities of the agency, which is under the Ministry of Science and Technology in Enugu.
According to the Committee, Onjeh was suspended by the Federal Ministry of Science and Technology as the head of the agency’s board.
However, Onjeh had asked the panel to retract the claims or face being dragged to court by his lawyers, adding that their submission was misleading and false.