The Corporate Affairs Commission (“CAC”) has announced the enforcement of the statutory requirements relating to information to be disclosed on company business letters. The enforcement is based on the provisions of sections 304(1), 304(2) and 729(1)(c) of the Companies and Allied Matters Act (“CAMA”) 2020. Although these disclosure obligations have always been provided for in CAMA since 2020, the Commission’s latest announcement makes it clear that compliance will now be actively monitored.  WHAT ARE BUSINESS LETTER REQUIREMENTS? According to section 304 (1) of CAMA, every registered company in all its trade circulars, show cards and business letters must state the following with respect … Continue reading COMPANIES RISK SANCTIONS AS CORPORATE AFFAIRS COMMISSION BEGINS ENFORCEMENT OF BUSINESS LETTER DISCLOSURE REQUIREMENTS