Section 617 CAMA 2020
Section 617 Companies and Allied Matters Act is about Dissolution of company. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act.
(1) If the affairs of a company have been fully wound up and the liquidator makes an application in that behalf, the court shall order the dissolution of the company and the company shall be dissolved accordingly from the date of the order.
(2) A copy of the order shall, within 14 days from the date when made,be forwarded by the liquidator to the Commission who shall make in its books a minute of the dissolution of the company.
(3) If the liquidator makes default in complying with the requirements of this section, he shall be liable to a penalty as may be prescribed by the Regulation for every day during which he is in default.
