Section 711 Companies and Allied Matters Act (CAMA) 2020
Section 711 CAMA 2020 Section 711 Companies and Allied Matters Act is about Arrangement or compromise between two or more companies. It is under Chapter 27 (Arrangements and compromise) of the Act. (1) Where under a scheme proposed for a compromise,arrangement or reconstruction between two or more companies or the merger of any two or […]
Section 710 Companies and Allied Matters Act (CAMA) 2020
Section 710 CAMA 2020 Section 710 Companies and Allied Matters Act is about Definition of arrangement. It is under Chapter 27 (Arrangements and compromise) of the Act. In this Chapter, the word “arrangement” means any change in the rights or liabilities of members, debenture holders or creditors of a company or any class of them […]
Section 709 Companies and Allied Matters Act (CAMA) 2020
Section 709 CAMA 2020 Section 709 Companies and Allied Matters Act is about Review of Commission’s decision. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. (1) Where the Commission refuses an application or withdraws an authorisation it shall within seven days notify the party in writing stating […]
Section 708 Companies and Allied Matters Act (CAMA) 2020
Section 708 CAMA 2020 Section 708 Companies and Allied Matters Act is about Commission to notify the party of the refusal or withdrawal of authorisation. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. (1) The Commission may, on an application duly made and after being furnished with […]
Section 707 Companies and Allied Matters Act (CAMA) 2020
Section 707 CAMA 2020 Section 707 Companies and Allied Matters Act is about Application for authorisation to act as insolvency practitioner. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. (1) Application may be made to the Commission for authorisation to act as an insolvency practitioner, and the […]
Section 706 Companies and Allied Matters Act (CAMA) 2020
Section 706 CAMA 2020 Section 706 Companies and Allied Matters Act is about Recognition of professional body by the Commission. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. (1) The Commission may, by an instrument or order, declare a body which appears to it to fall within […]
Section 705 Companies and Allied Matters Act (CAMA) 2020
Section 705 CAMA 2020 Section 705 Companies and Allied Matters Act is about Qualification of insolvency practitioner. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. (1) A person is only qualified to act as an insolvency practitioner where he— (a) has obtained a degree in law, accountancy […]
Section 704 Companies and Allied Matters Act (CAMA) 2020
Section 704 CAMA 2020 Section 704 Companies and Allied Matters Act is about Acting as insolvency practitioner. It is under Chapter 26 (Miscellaneous provisions applying to companies which are insolvent) of the Act. A person acts as an insolvency practitioner in relation to a companyby acting as its— (a) liquidator, provisional liquidator or official receiver […]
Section 703 Companies and Allied Matters Act (CAMA) 2020
Section 703 CAMA 2020 Section 703 Companies and Allied Matters Act is about Provisions of this Part to be cumulative. It is under Chapter 25 (Winding-up of unregistered companies) of the Act. The provisions of this Chapter of this Act with respect to unregistered companies shall be in addition to and not in restriction of […]
Section 702 Companies and Allied Matters Act (CAMA) 2020
Section 702 CAMA 2020 Section 702 Companies and Allied Matters Act is about Action stayed on winding-up order. It is under Chapter 25 (Winding-up of unregistered companies) of the Act. Where an order has been made for winding-up an unregistered company, no action or proceeding shall be proceeded with or commenced against any contributory of […]