ICANManagement InformationData and Management Reporting2022

Under the Companies and Allied Matters Act (CAMA) 2020, a public company in Nigeria is required to lay its audited financial statements before members at the Annual General Meeting within how many months after the end of its financial year?

A3 months
B6 monthsCORRECT
C9 months
D12 months
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Section 334 of CAMA 2020 requires a public company to hold its Annual General Meeting and lay its financial statements before members within six months after the end of its financial year. Private companies have a longer window of nine months. This statutory timeline directly influences the management reporting cycle for listed entities in Nigeria.
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