Home » Nigeria » Nigeria CAMA 2020 » Section 627 Companies and Allied Matters Act (CAMA) 2020

Section 627 Companies and Allied Matters Act (CAMA) 2020

Section 627 CAMA 2020

Section 627 Companies and Allied Matters Act is about Power to appoint liquidators. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.

(1) The company in general meeting shall appoint one or more liquidators for the purpose of winding-up the affairs and distributing the assets of the company, and may fix the remuneration to be paid to him or them.

(2) If a liquidator is appointed under this section, all the powers of the directors shall cease, except so far as the company in general meeting or the liquidator sanctions the continuance thereof.

See also  Section 35 Companies and Allied Matters Act 2020

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others