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Section 614 Companies and Allied Matters Act (CAMA) 2020

Section 614 CAMA 2020

Section 614 Companies and Allied Matters Act is about Power to arrest absconding contributory. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act.

The Court, at any time either before or after making a winding-up order, on proof of probable cause for believing that a contributory is about to quit Nigeria or otherwise abscond, remove or conceal any of his property forthe purpose of evading payment of calls, or of avoiding examination with respect to the affairs of the company, may cause the contributory to be arrested,and his books, papers and movable personal property, to be seized, and him and them to be kept safely until the time which the Court may order.

See also  Section 41 Companies and Allied Matters Act 2020

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