DAILY LAW TIPS by Onyekachi Umah,Esq. (Tip 73)

DAILY LAW TIPS
by Onyekachi Umah,Esq.
(Tip 73)

When Company directors are appointed, resolutions of same are to be filled in Corporate Affairs Commission (CAC). It is an offence for a company to presents a person as a director without such person being appointed as director. It is punishable with a fine of #1000 for each day the company held out such fake director.

See section 244(4) of Companies and Allied Matters Act.

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