Section 620 CAMA 2020

Section 620 Companies and Allied Matters Act is about Circumstances in which company may be wound-up voluntarily. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.

(1) Any company may be wound up voluntarily—

(a) when the period, if any, fixed for the duration of the company by the articles expires, or the event, if any, occurs, on occurrence of which the articles provided that the company is to be dissolved and the company in general meeting has passed a resolution requiring the company to be wound up voluntarily ;

(b) if the company resolves by special resolution that the company be wound up.

(2) References in this Act to a “resolution for voluntary winding-up”means a resolution passed under any of the paragraphs of this section.