Section 662 Companies and Allied Matters Act (CAMA) 2020
Section 662 CAMA 2020 Section 662 Companies and Allied Matters Act is about Effect of floating charge. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. Where a company is being wound up, a floating charge on the undertaking or property of the company created within three months of […]
Section 661 Companies and Allied Matters Act (CAMA) 2020
Section 661 CAMA 2020 Section 661 Companies and Allied Matters Act is about Avoidance of attachments on winding-up subject to supervision of the Court. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. Where a company is being wound up subject to the supervision of the Court, any attachment, […]
Section 660 Companies and Allied Matters Act (CAMA) 2020
Section 660 CAMA 2020 Section 660 Companies and Allied Matters Act is about Liabilities and rights of certain fraudulently preferred persons. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Where anything made or done after the commencement of this Act is void under this Chapter as a […]
Section 659 Companies and Allied Matters Act (CAMA) 2020
Section 659 CAMA 2020 Section 659 Companies and Allied Matters Act is about Transactions at an undervalue. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) This section applies in the case of a company where— (a) the company enters administration ; or (b) the company goes into […]
Section 658 Companies and Allied Matters Act (CAMA) 2020
Section 658 CAMA 2020 Section 658 Companies and Allied Matters Act is about Fraudulent preference. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Where a company at any time within the period defined in subsection (6), does anything or procures anything to be done which has the […]
Section 657 Companies and Allied Matters Act (CAMA) 2020
Section 657 CAMA 2020 Section 657 Companies and Allied Matters Act is about Preferential payments. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) In a winding-up, there shall be paid in priority to all other debts— (a) all local rates and charges due from the company at […]
Section 656 Companies and Allied Matters Act (CAMA) 2020
Section 656 CAMA 2020 Section 656 Companies and Allied Matters Act is about Application of bankruptcy rules in certain cases. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. In the winding-up of an insolvent company registered in Nigeria,the same rules shall prevail and be observed with regard to […]
Section 655 Companies and Allied Matters Act (CAMA) 2020
Section 655 CAMA 2020 Section 655 Companies and Allied Matters Act is about Debts of all descriptions may be proved. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. In every winding-up (subject, in the case of insolvent companies, to the application in accordance with the provisions of this […]
Section 654 Companies and Allied Matters Act (CAMA) 2020
Section 654 CAMA 2020 Section 654 Companies and Allied Matters Act is about Liquidator to give notice of appointment. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) The liquidator shall, within 14 days after his appointment,publish in the Federal Government Gazette or in two daily newspapers and […]
Section 653 Companies and Allied Matters Act (CAMA) 2020
Section 653 CAMA 2020 Section 653 Companies and Allied Matters Act is about Effect of supervision order. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. (1) Where an order is made for a winding-up subject to supervision,the liquidator may, subject to any restrictions imposed by the Court, exercise all […]