COMPANIES AND ALLIED MATTERS ACT, 2020

Section 632: Alternative provisions as to annual and final meetings in insolvency cases.

2020Section 632 of 870Federal Republic of Nigeria

Where section 629 of this Act has effect, sections 640 and 641 shall apply to the winding-up to the exclusion of the two last foregoing sections, as if the winding-up were a creditors’ voluntary winding-up and not a members’ voluntary winding-up:
Provided that the liquidator shall not be required to summon a meeting of creditors under section 640 of this Act at the end of the first year from the commencement of the winding-up, unless the meeting held under section 629 of this Act is held more than three months before the end of that year.

Cite this section

Section 632, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/632/