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Section 654 Companies and Allied Matters Act (CAMA) 2020

Section 654 CAMA 2020

Section 654 Companies and Allied Matters Act is about Liquidator to give notice of appointment. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act.

(1) The liquidator shall, within 14 days after his appointment,publish in the Federal Government Gazette or in two daily newspapers and deliver to the Commission for registration a notice of his appointment in such form as the Commission may from time to time approve.

(2) If the liquidator fails to comply with the requirements of subsection(1), he is liable to a penalty as prescribed by the Commission in the regulation.

See also  Section 429 Companies and Allied Matters Act (CAMA) 2020

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