A petition for the continuance of a voluntary winding-up subject to the supervision of the Court shall, for the purpose of giving jurisdiction to the Court over actions, be deemed to be a petition for winding-up by the Court.
Companies and Allied Matters Act 2020 · Part B · Chapter 23
Section 650 Effect of petition for winding-up subject to supervision
Cite as: Companies and Allied Matters Act 2020, section 650
What this section means
From the guide: Voluntary winding up under CAMA 2020: members’ and creditors’ winding up
Sections 620 to 653 explain when a company can wind itself up, the declaration of solvency, and how members’ and creditors’ winding up differ.
Read the whole subject
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.