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…

Section 572 CAMA 2020 Section 572 Companies and Allied Matters Act is about Definition of inability to pay debts. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. A company is deemed to be unable to pay its debts if— (a) a creditor, by assignment or otherwise, to whom the company…

Section 571 CAMA 2020 Section 571 Companies and Allied Matters Act is about Circumstances in which companies may be wound up by Court. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. A company may be wound up by the court if— (a) the company has by special resolution resolved that…

Section 570 CAMA 2020 Section 570 Companies and Allied Matters Act is about Jurisdiction as to Winding-up. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court having jurisdiction to wind up a company is the Federal High Court within whose area of jurisdiction the registered office orhead office…

Section 569 CAMA 2020 Section 569 Companies and Allied Matters Act is about Contributories in case of bankruptcy of member. It is under Chapter 20 (Winding-up of companies modes of winding-up) of the Act. (1) If a contributory becomes bankrupt, either before or after he has been placed on the list of contributories, then— (a)…

Section 568 CAMA 2020 Section 568 Companies and Allied Matters Act is about Contributories in case of death of member. It is under Chapter 20 (Winding-up of companies modes of winding-up) of the Act. (1) If a contributory dies either before or after he has been placedon the list of contributories, his personal representatives, heirs…