Section 656 CAMA 2020 Section 656 Companies and Allied Matters Act is about Application of bankruptcy rules in certain cases. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. In the winding-up of an insolvent company registered in Nigeria,the same rules shall prevail and be observed with regard to…

Section 655 CAMA 2020 Section 655 Companies and Allied Matters Act is about Debts of all descriptions may be proved. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. In every winding-up (subject, in the case of insolvent companies, to the application in accordance with the provisions of this…

Section 654 CAMA 2020 Section 654 Companies and Allied Matters Act is about Liquidator to give notice of appointment. It is under Chapter 24 (Provisions applicable to every mode of winding-up) of the Act. (1) The liquidator shall, within 14 days after his appointment,publish in the Federal Government Gazette or in two daily newspapers and…

Section 653 CAMA 2020 Section 653 Companies and Allied Matters Act is about Effect of supervision order. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. (1) Where an order is made for a winding-up subject to supervision,the liquidator may, subject to any restrictions imposed by the Court, exercise all…

Section 652 CAMA 2020 Section 652 Companies and Allied Matters Act is about Power of Court to appoint and remove liquidators. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. (1) Where an order is made for a winding-up subject to supervision,the Court may, by the same or any subsequent…

Section 651 CAMA 2020 Section 651 Companies and Allied Matters Act is about Application of sections 576 and 577. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. A winding-up subject to the supervision of the court shall, for the purposes of sections 576 and 577 of this Act, be…

Section 650 CAMA 2020 Section 650 Companies and Allied Matters Act is about Effect of petition for winding-up subject to supervision. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. A petition for the continuance of a voluntary winding-up subject to the supervision of the Court shall, for the purpose…

Section 649 CAMA 2020 Section 649 Companies and Allied Matters Act is about Power to order winding-up subject to supervision. It is under Chapter 23 (Winding-up subject to supervision of court) of the Act. If a company passes a resolution for voluntary winding-up, the Court may on petition order that the voluntary winding-up shall continue…

Section 648 CAMA 2020 Section 648 Companies and Allied Matters Act is about Saving of rights of creditors and contributories. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. The voluntary winding-up of a company shall not bar the right of any creditor or contributory to have…

Section 647 CAMA 2020 Section 647 Companies and Allied Matters Act is about Costs of voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. All costs, charges and expenses properly incurred in the winding-up, including the remuneration of the liquidator, shall be payable out of…