Category: Nigeria CAMA 2020


  • Section 589 CAMA 2020 Section 589 Companies and Allied Matters Act is about Liquidator to give information,to official receiver. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. If during the winding-up of a company by the court a person other than the official receiver is appointed liquidator, he shall give…

  • Section 588 CAMA 2020 Section 588 Companies and Allied Matters Act is about Powers of liquidator. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The liquidator in a winding-up by the Court shall have power,with the sanction either of the court or of the committee of inspection to— (a)…

  • Section 587 CAMA 2020 Section 587 Companies and Allied Matters Act is about Vesting of property of company in liquidator. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. Where a company is being wound up by the Court, the Court may,on the application of the liquidator, by order direct that…

  • Section 586 CAMA 2020 Section 586 Companies and Allied Matters Act is about Custody of company’s property. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. In a winding-up by the Court the liquidator shall take into his custody, or under his control, all the property and choses in action to…

  • Section 585 CAMA 2020 Section 585 Companies and Allied Matters Act is about Appointment,remuneration and title of liquidators. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) The Court may appoint a liquidator or liquidators for the purpose of conducting the proceedings in winding-up a company and performing such duties…

  • Section 584 CAMA 2020 Section 584 Companies and Allied Matters Act is about Report by official receiver. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) If a winding-up order is made, the official receiver shall assoon as practicable after receipt of the statement to be submitted under section 583…

  • Section 583 CAMA 2020 Section 583 Companies and Allied Matters Act is about Statement of company’s affairs to be submitted to the official receiver. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) Where the Court has made a winding-up order or appointed a provisional liquidator there shall, unless the…

  • Section 582 CAMA 2020 Section 582 Companies and Allied Matters Act is about Definition of official receiver. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. (1) For the purpose of this Act and so far as it relates to the winding-up of companies by the Court, “official receiver” means the…

  • Section 581 CAMA 2020 Section 581 Companies and Allied Matters Act is about Effect of winding-up order. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. An order for winding-up a company shall operate in favour of all the creditors and of all the contributories of the company as if made…

  • Section 580 CAMA 2020 Section 580 Companies and Allied Matters Act is about Actions stayed on winding-up order. It is under Chapter 21 (Winding-up by the court jurisdiction) of the Act. If a winding-up order is made or a provisional liquidator is appointed,no action or proceeding shall proceed with or commence against the company except…