Section 790 CAMA 2020

Section 790 Companies and Allied Matters Act is about Circumstances in which limited liability partnership may be wound up by the Court. It is under Chapter 10 (Winding-up and dissolution) of the Act.

A limited liability partnership may be wound up by the Court if—

(a) all the partners decide that the limited liability partnership be so wound up by the Court ;

(b) for a period of more than six months, the number of partners of the limited liability partnership falls below two ;

(c) the limited liability partnership is unable to pay its debts ;

(d) the limited liability partnership has acted against the interests of the sovereignty and integrity of Nigeria or against her security or public order ;

(e) the limited liability partnership has made a default in filing with the Commission, the Statement of Account and Solvency or annual return for any 10 consecutive financial years ; or

(f ) the Court is of the opinion that it is just and equitable that the limited liability partnership be wound up.