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Section 701 Companies and Allied Matters Act (CAMA) 2020

Section 701 CAMA 2020

Section 701 Companies and Allied Matters Act is about Power of Court to stay or restrain proceedings. It is under Chapter 25 (Winding-up of unregistered companies) of the Act.

The provisions of this Act with respect to staying and restraining actions and proceedings against a company at any time after the presentation of a petition for winding-up and before the making of a winding-up order shall, in the case of an unregistered company, where the application to stay or restrain is by a creditor, extend to actions and proceedings against any contributory of the company.

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See also  Section 780 Companies and Allied Matters Act (CAMA) 2020

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