If, in the case of a body corporate liable to be wound up under this Act, it appears to the Commission from a report made by an inspector under section 781 of this Act that it is expedient in the public interest that the body corporate should be wound up, the Commission may, unless the body corporate is already wound up by the court present a petition for it to be wound up if the Court deems it just and equitable to do so.
Companies and Allied Matters Act 2020 · Part C
Section 784 Power of the Commission to present winding-up petition
Cite as: Companies and Allied Matters Act 2020, section 784
What this section means
From the Part overview: CAMA 2020 Part C: limited liability partnerships (sections 746 to 794)
Part C creates the limited liability partnership. Here is how one is formed, who runs it, who is liable for what, and what it must file.
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.