Home » Nigeria » Nigeria CAMA 2020 » Section 621 Companies and Allied Matters Act (CAMA) 2020

Section 621 Companies and Allied Matters Act (CAMA) 2020

Section 621 CAMA 2020

Section 621 Companies and Allied Matters Act is about Notice of resolution to wind-up voluntarily. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.

(1) If a company passes a resolution for voluntary winding-up it shall, within 14 days after the passing of the resolution, give notice of the resolution by advertisement in the Federal Government Gazette or two daily newspapers and to the Commission.

(2) If default is made in complying with this section, the company and each officer of the company who is in default is liable to a penalty in such amount as the Commission may specify in its regulations and for the purposes of this subsection the liquidator of the company shall be deemed to be an officer of the company.

See also  Section 236 Companies and Allied Matters Act (CAMA) 2020

More Posts

Taxation and Development In Nigeria

Taxation and Development In Nigeria Nigeria, the largest economy in Africa1, is at an important point of economic development as the country’s economy hinges on the reform of the

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others