The provisions of this Chapter of this Act with respect to unregistered companies shall be in addition to and not in restriction of any provision under this Act, contained with respect to winding-up companies by the Court, and the Court or liquidator may exercise any power to do any act in the case of unregistered companies which might be exercised or done by it or him in winding-up companies formed and registered under this Act, but an unregistered company shall not, except in the event of its being wound up, be deemed to be a company under this Act, and then only to the extent provided by this Chapter of this Act.
Companies and Allied Matters Act 2020 · Part B · Chapter 25
Section 703Provisions of this Part to be cumulative
Cite as: Companies and Allied Matters Act 2020, section 703
What this section means
From the guide: Winding up an unregistered company under CAMA 2020
- An unregistered company is treated as a company under the Act only for winding up and only to the extent this Chapter provides (section 703).
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.