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Section 628 Companies and Allied Matters Act (CAMA) 2020

Section 628 CAMA 2020

Section 628 Companies and Allied Matters Act is about Power to fill vacancy in office of liquidators. It is under Chapter 22 (Voluntary winding-up resolutions for and commencement of voluntary winding-up) of the Act.

(1) If a vacancy occurs by death, resignation or otherwise in the office of a liquidator appointed by the company, the company in general meeting may, subject to any arrangement with its creditors, fill the vacancy and for that purpose a general meeting may be convened by a contributory or, if there were more liquidators than one, by the continuing liquidators.

(2) The general meeting shall be held in the manner provided by this Actor by the articles, or in such manner as may, on application by a contributory or by the continuing liquidators, be determined by the Court.

See also  Section 533 Companies and Allied Matters Act (CAMA) 2020

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