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Section 581 Companies and Allied Matters Act (CAMA) 2020

Section 581 CAMA 2020

Section 581 Companies and Allied Matters Act is about Effect of winding-up order. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act.

An order for winding-up a company shall operate in favour of all the creditors and of all the contributories of the company as if made on the joint petition of a creditor and of a contributory.

See also  Section 853 Companies and Allied Matters Act (CAMA) 2020

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