Category: Nigeria
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Section 83 of the 1999 Constitution of Nigeria Section 83 of the Constitution of Nigeria 1999 is about Contingencies Fund. It is under Chapter V (The legislature) of the Act. (1) The National Assembly may by law make provisions for the establishment of a Contingencies Fund for the Federation and for authorising the President, if…
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Section 82 of the 1999 Constitution of Nigeria Section 82 of the Constitution of Nigeria 1999 is about Authorisation of expenditure in default appropriations. It is under Chapter V (The legislature) of the Act. If the Appropriation Bill in respect of any financial year has not been passed into law by the beginning of the…
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Section 81 of the 1999 Constitution of Nigeria Section 81 of the Constitution of Nigeria 1999 is about Authorisation of expenditure from Consolidated Revenue Fund. It is under Chapter V (The legislature) of the Act. (1) The President shall cause to be prepared and laid before each House of the National Assembly at any time…
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Section 80 of the 1999 Constitution of Nigeria Section 80 of the Constitution of Nigeria 1999 is about Establishment of Consolidated Revenue Fund. It is under Chapter V (The legislature) of the Act. (1) All revenues or other moneys raised or received by the Federation (not being revenues or other moneys payable under this Constitution…
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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…
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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…
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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…
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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)…
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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…
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Section 567 CAMA 2020 Section 567 Companies and Allied Matters Act is about Nature of liability of contributory. It is under Chapter 20 (Winding-up of companies modes of winding-up) of the Act. (1) The liability of a contributory creates a debt of the nature of an ordinary contract debt accruing and due from him at…