Unregistered companies under CAMA 2020: sections 699 to 703
Chapter 25 deals with winding up unregistered companies.
Chapter 25 of Part B has 5 sections. Every section is listed below with its title.
Guides in this chapter
Key rules in this chapter
- An unregistered company can be wound up only by the court (section 699).
- A creditor owed more than ₦100,000 can serve a demand, and the company has 21 days to pay (section 699(d)).
Previous: Chapter 24: Rules for every winding upNext: Chapter 26: Insolvency practitioners
Source: the Companies and Allied Matters Act 2020 as published in the Official Gazette.