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Section 674 Companies and Allied Matters Act (CAMA) 2020

Section 674 CAMA 2020 Section 674 Companies and Allied Matters Act is about Power of court to assess damages against delinquent directors. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If, in the course of winding-up a company, it appears that any person who has taken part […]

Section 673 Companies and Allied Matters Act (CAMA) 2020

Section 673 CAMA 2020 Section 673 Companies and Allied Matters Act is about Wrongful trading. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Subject to subsection (3), if, in the course of the winding-upof a company, it appears that subsection (2) applies in relation to a person […]