Section 649 Companies and Allied Matters Act (CAMA) 2020
Section 649 CAMA 2020 Section 649 Companies and Allied Matters Act is about Power to order winding-up subject to supervision. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. If a company passes a resolution for voluntary winding-up, the Court may on petition order that the voluntary winding-up shall continue […]
Section 648 Companies and Allied Matters Act (CAMA) 2020
Section 648 CAMA 2020 Section 648 Companies and Allied Matters Act is about Saving of rights of creditors and contributories. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. The voluntary winding-up of a company shall not bar the right of any creditor or contributory to have […]
Section 647 Companies and Allied Matters Act (CAMA) 2020
Section 647 CAMA 2020 Section 647 Companies and Allied Matters Act is about Costs of voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. All costs, charges and expenses properly incurred in the winding-up, including the remuneration of the liquidator, shall be payable out of […]
Section 646 Companies and Allied Matters Act (CAMA) 2020
Section 646 CAMA 2020 Section 646 Companies and Allied Matters Act is about Power to apply to Court to determine questions or exercise powers. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) The liquidator or any contributory or creditor may apply to the Court to […]
Section 645 Companies and Allied Matters Act (CAMA) 2020
Section 645 CAMA 2020 Section 645 Companies and Allied Matters Act is about Power of Court to appoint and remove liquidator. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. If, in any voluntary winding-up, there is no liquidator acting, the Court may appoint a liquidator and […]
Section 644 Companies and Allied Matters Act (CAMA) 2020
Section 644 CAMA 2020 Section 644 Companies and Allied Matters Act is about Powers of liquidator in every voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) The liquidator may— (a) in the case of a members’ voluntary winding-up, with the sanction of special […]
Section 643 Companies and Allied Matters Act (CAMA) 2020
Section 643 CAMA 2020 Section 643 Companies and Allied Matters Act is about Distribution of property of company. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. Subject to the provisions of this Act as to preferential payments,the property of a company shall, on its winding-up, be […]
Section 642 Companies and Allied Matters Act (CAMA) 2020
Section 642 CAMA 2020 Section 642 Companies and Allied Matters Act is about Provisions applicable to every voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. The provisions of sections 643 – 648 of this Act, apply to every voluntary winding-up, whether a members’ or […]
Section 641 Companies and Allied Matters Act (CAMA) 2020
Section 641 CAMA 2020 Section 641 Companies and Allied Matters Act is about Final meeting and dissolution. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) As soon as the affairs of the company are fully wound up, the liquidator shall prepare an account of the […]
Section 640 Companies and Allied Matters Act (CAMA) 2020
Section 640 CAMA 2020 Section 640 Companies and Allied Matters Act is about Liquidator to call meetings of company and others at the end of each year. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) Where the winding-up continues for more than one year, the […]