Day: 14 October 2024


  • Section 582 CAMA 2020 Section 582 Companies and Allied Matters Act is about Definition of official receiver. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) For the purpose of this Act and so far as it relates to the winding-up of companies by the Court, “official receiver” means the…

  • Section 581 CAMA 2020 Section 581 Companies and Allied Matters Act is about Effect of winding-up order. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. An order for winding-up a company shall operate in favour of all the creditors and of all the contributories of the company as if made…

  • Section 580 CAMA 2020 Section 580 Companies and Allied Matters Act is about Actions stayed on winding-up order. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. If a winding-up order is made or a provisional liquidator is appointed,no action or proceeding shall proceed with or commence against the company except…

  • Section 579 CAMA 2020 Section 579 Companies and Allied Matters Act is about Copy of order to be forwarded to Commission. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. On the making of a winding-up order, a copy of the order shall immediately be forwarded by the company, or otherwise…

  • Section 578 CAMA 2020 Section 578 Companies and Allied Matters Act is about Commencement of a winding-up by the Court. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) Where, before the presentation of a petition for the winding-up of a company by the Court, a resolution has been passed…

  • Section 577 CAMA 2020 Section 577 Companies and Allied Matters Act is about Avoidance of attachments. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. Where a company is being wound up by the Court, any attachment,sequestration, distress or execution put in force against the estate or effects of the company…

  • Section 576 CAMA 2020 Section 576 Companies and Allied Matters Act is about Avoidance of dispositions of property after commencement of winding-up. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. In a winding-up by the Court, any disposition of the property of the company, including things in action and any…

  • Section 575 CAMA 2020 Section 575 Companies and Allied Matters Act is about Power to stay or restrain proceedings against company. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. Where a winding-up petition has been presented and an action or other proceeding against a company is instituted or pending in…

  • Section 574 CAMA 2020 Section 574 Companies and Allied Matters Act is about Powers of Court on hearing petition. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) On hearing a winding-up petition, the Court may dismiss it,adjourn the hearing conditionally or unconditionally or make any interim order,or any other…

  • Section 573 CAMA 2020 Section 573 Companies and Allied Matters Act is about Provisions as to application for winding-up. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) An application to the court for the winding-up of a company shall be by petition presented subject to the provisions of this…