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Section 679 Companies and Allied Matters Act (CAMA) 2020

Section 679 CAMA 2020 Section 679 Companies and Allied Matters Act is about Notification that a company is in liquidation. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Where a company is being wound up, whether by, or under the supervision of, the Court or voluntarily, every […]

Section 678 Companies and Allied Matters Act (CAMA) 2020

Section 678 CAMA 2020 Section 678 Companies and Allied Matters Act is about Enforcement of duty of liquidator to make returns. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If a liquidator makes default in filing, delivering or making any return, account or other document, or in […]

Section 677 Companies and Allied Matters Act (CAMA) 2020

Section 677 CAMA 2020 Section 677 Companies and Allied Matters Act is about Corrupt inducement affecting appointment as liquidator. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. Any person who gives, agrees or offers to give to any member or creditor of a company any valuable consideration with […]

Section 676 Companies and Allied Matters Act (CAMA) 2020

Section 676 CAMA 2020 Section 676 Companies and Allied Matters Act is about Disqualifications for appointment as liquidator. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) The following persons shall not be competent to be appointed or to act as liquidator of a company, whether in a […]

Section 675 Companies and Allied Matters Act (CAMA) 2020

Section 675 CAMA 2020 Section 675 Companies and Allied Matters Act is about Prosecution of delinquent officers and members of a company. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If it appears to the Court, in the course of winding-up by, or subject to the supervision […]

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 […]

Section 672 Companies and Allied Matters Act (CAMA) 2020

Section 672 CAMA 2020 Section 672 Companies and Allied Matters Act is about Responsibility for fraudulent trading. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If, in the course of the winding-up of a company, it appears that any business of the company has been carried on […]

Section 671 Companies and Allied Matters Act (CAMA) 2020

Section 671 CAMA 2020 Section 671 Companies and Allied Matters Act is about Liability where proper accounts not kept. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If, where a company is wound up, it is shown that proper books of account were not kept by the […]

Section 670 Companies and Allied Matters Act (CAMA) 2020

Section 670 CAMA 2020 Section 670 Companies and Allied Matters Act is about Fraud by officers of companies in liquidation. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. A person who, being at the time of the commission of the alleged offence is an officer, of a company […]