COMPANIES AND ALLIED MATTERS ACT, 2020

Section 644: Powers of liquidator in every voluntary winding-up.

2020Section 644 of 870Federal Republic of Nigeria

(1) The liquidator may—
(a) in the case of a members’ voluntary winding-up, with the sanction ofspecial resolution of the company, and, in the case of a creditors’ voluntary winding-up, with the sanction of the court or, the committee of inspection or if there is no such committee, a meeting of the creditors, exercise any of the powers given by section 588 (1) (d), (e) and (f) of this Act to a liquidator in a winding-up by the Court;
(b) without sanction, exercise any of the other powers given by this Actto the liquidator in a winding-up by the Court;
(c) exercise the power of the Court under this Act of settling a list ofcontributories, and the list of contributories shall be prima facie evidence of the liability of the persons named therein to be contributories;
(d) exercise the Court’s power of making calls;
(e) summon general meetings of the company for the purpose of obtainingthe sanction of the company by special resolution or for any other purpose he may think fit.
(2) The liquidator shall pay the debts of the company and shall adjust the rights of the contributories among themselves.
(3) Where several liquidators are appointed, any power given by thisAct may be exercised by such one or more of them as may be determined by any number not less than two of the liquidators.

Cite this section

Section 644, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/644/