Category: Nigeria CAMA 2020


  • Section 609 CAMA 2020 Section 609 Companies and Allied Matters Act is about Adjustments of rights of contributories. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. The Court shall adjust the right of the contributories among themselves and distribute any surplus among the persons entitled thereto.

  • Section 608 CAMA 2020 Section 608 Companies and Allied Matters Act is about Power to exclude creditors not proving in time. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. The Court may fix a time or times within which creditors are to prove their debts or claims, or be excluded…

  • Section 607 CAMA 2020 Section 607 Companies and Allied Matters Act is about Order on contributory to be conclusive evidence. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) An order made by the Court on a contributory shall, subject to any right of appeal, be conclusive evidence that money,…

  • Section 606 CAMA 2020 Section 606 Companies and Allied Matters Act is about Power to order payment into companies’ liquidation account. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court may order any contributory, purchaser or other person from whom money is due to the company to pay…

  • Section 605 CAMA 2020 Section 605 Companies and Allied Matters Act is about Power of the Court to make calls. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court may, at any time after making a winding-up order and either before or after it has ascertained the sufficiency…

  • Section 604 CAMA 2020 Section 604 Companies and Allied Matters Act is about Payments by contributory to company and set-off allowance. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court may, at any time after making a winding-up order,make an order on any contributory for the time being…

  • Section 603 CAMA 2020 Section 603 Companies and Allied Matters Act is about Delivery of property to liquidator. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. The Court may, at any time after making a winding-up order require a contributory for the time being on the list of contributories and…

  • Section 602 CAMA 2020 Section 602 Companies and Allied Matters Act is about Settlement of list of contributories and application of assets. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) As soon as may be after making a winding-up order, the Court shall settle a list of contributories, and…

  • Section 601 CAMA 2020 Section 601 Companies and Allied Matters Act is about Power to stay winding-up. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court may, at any time after an order for winding-up, on the application either of a liquidator, the official receiver or a creditor…

  • Section 600 CAMA 2020 Section 600 Companies and Allied Matters Act is about Official receiver as receiver for debenture holders. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. Where application is made to the Court to appoint a receiver on behalf of the debenture holders or other creditors of a…