Category: Nigeria


  • Section 697 CAMA 2020 Section 697 Companies and Allied Matters Act is about Returns by officers in winding-up. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. The officers of the Courts acting in the winding-up of companies shall make to the Commission such returns of the business of…

  • Section 695 CAMA 2020 Section 695 Companies and Allied Matters Act is about Investment of surplus funds in Government securities. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) If the cash balance standing to the credit of the Companies Liquidation Account is in excess of the amount…

  • Section 694 CAMA 2020 Section 694 Companies and Allied Matters Act is about Companies liquidation account defined. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) There shall continue to be an account called the Companies Liquidation Account, kept on behalf of the Commission by the Accountant-General of…

  • Section 693 CAMA 2020 Section 693 Companies and Allied Matters Act is about Property of dissolved company to be declared as bonavacantia. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. Where a company is dissolved, all property and rights whatsoever vested in or held on trust for the…

  • Section 692 CAMA 2020 Section 692 Companies and Allied Matters Act is about Power of Commission to strike off defunct company. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) The Commission may strike off the name of a company fromthe register of companies if—(a) a special resolution…

  • 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…

  • Section 690 CAMA 2020 Section 690 Companies and Allied Matters Act is about Affidavits in Nigeria and elsewhere. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. An affidavit required to be sworn under the provisions or for the purposes of this Part of this Act may be sworn…

  • Section 689 CAMA 2020 Section 689 Companies and Allied Matters Act is about Special commissioners for receiving evidence. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Where a company is in course of being wound up, all magistrates shall be commissioners for the purpose of taking evidence…

  • Section 688 CAMA 2020 Section 688 Companies and Allied Matters Act is about Judicial notice of signatures of certain government officials. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) Documents purporting to be orders or certificates made or issued by the Attorney-General of the Federation or the…

  • Section 687 CAMA 2020 Section 687 Companies and Allied Matters Act is about Judicial notice of signatures of officers of Court. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. In all proceedings under this Part of this Act, all Courts, Judges,and persons judicially acting, and all officers, judicial…