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…

Section 646 CAMA 2020 Section 646 Companies and Allied Matters Act is about Power to apply to Court to determine questions or exercise powers. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) The liquidator or any contributory or creditor may apply to the Court to…

Section 645 CAMA 2020 Section 645 Companies and Allied Matters Act is about Power of Court to appoint and remove liquidator. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. If, in any voluntary winding-up, there is no liquidator acting, the Court may appoint a liquidator and…

Section 644 CAMA 2020 Section 644 Companies and Allied Matters Act is about Powers of liquidator in every voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) The liquidator may— (a) in the case of a members’ voluntary winding-up, with the sanction of special…

Section 643 CAMA 2020 Section 643 Companies and Allied Matters Act is about Distribution of property of company. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. Subject to the provisions of this Act as to preferential payments,the property of a company shall, on its winding-up, be…

Section 642 CAMA 2020 Section 642 Companies and Allied Matters Act is about Provisions applicable to every voluntary winding-up. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. The provisions of sections 643 – 648 of this Act, apply to every voluntary winding-up, whether a members’ or…

Section 641 CAMA 2020 Section 641 Companies and Allied Matters Act is about Final meeting and dissolution. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) As soon as the affairs of the company are fully wound up, the liquidator shall prepare an account of the…

Section 640 CAMA 2020 Section 640 Companies and Allied Matters Act is about Liquidator to call meetings of company and others at the end of each year. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. (1) Where the winding-up continues for more than one year, the…

Section 639 CAMA 2020 Section 639 Companies and Allied Matters Act is about Power to fill vacancy in the office of liquidator. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. If a vacancy occurs, by death, resignation or otherwise, in the office of a liquidator, other…

Section 638 CAMA 2020 Section 638 Companies and Allied Matters Act is about Fixing of liquidators’ remuneration. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act. The Committee of Inspection, or if there is no such committee, the creditors, may fix the remuneration to be paid to…