COMPANIES AND ALLIED MATTERS ACT, 2020

Section 623: Effect of voluntary winding-up on business of company.

2020Section 623 of 870Federal Republic of Nigeria

In case of voluntary winding-up, the company shall, from thecommencement of the winding-up, cease to carry on its business, except so far as may be required for the beneficial winding-up thereof :
Provided that the corporate state and powers of the company shall, notwithstanding anything to the contrary in its articles, continue until it is dissolved.

Cite this section

Section 623, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/623/