Section 691 CAMA 2020

Section 691 Companies and Allied Matters Act is about Power of Court to void dissolution of company. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act.

(1) Where a company has been dissolved, the Court may, at anytime within two years of the date of the dissolution, on an application being made for the purpose by the liquidator of the company or by any other person who appears to the Court to be interested, make an order, upon such terms as the Court may deem fit, declaring the dissolution to have been void, and thereupon such proceedings may be taken as might have been taken if the company had not been dissolved.

(2) A person on whose application the order was made, shall, within seven days after the making of the order or such further time as the Court may allow, deliver to the Commission for registration an office copy of the order, and if that person fails to do so he is liable to a penalty as prescribed bythe Commission in the regulations.