{"id":53,"date":"2020-08-08T11:15:31","date_gmt":"2020-08-08T11:15:31","guid":{"rendered":"http:\/\/www.placbillstrack.org\/cama\/?page_id=53"},"modified":"2020-08-13T14:25:51","modified_gmt":"2020-08-13T14:25:51","slug":"home","status":"publish","type":"page","link":"https:\/\/www.placbillstrack.org\/cama\/","title":{"rendered":"Home"},"content":{"rendered":"\t\t
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Arrangement of Sections:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>

PART A – CORPORATE AFFAIRS COMMISSION<\/strong><\/a><\/p>

1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Establishment of the Corporate Affairs Commission.<\/p>

2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Establishment of Governing Board of the Commission.<\/p>

3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tenure of office and vacancy on the Board.<\/p>

4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Functions of the Board.<\/p>

5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Remuneration and allowance of members.<\/p>

6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proceedings of the Board.<\/p>

7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Disclosure of interest.<\/p>

8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Functions of the Commission.<\/p>

9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Appointment of Registrar-General.<\/p>

10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Appointment of Staff.<\/p>

11\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Right to appear in Court.<\/p>

12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Service in the Commission to be pensionable.<\/p>

13\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Fund of the Commission.<\/p>

14\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Expenditure of the Commission.<\/p>

15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Annual accounts, audit and estimates.<\/p>

16\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Annual report.<\/p>

17\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pre-action notice and restriction on levy of execution.\u00a0\u00a0\u00a0<\/p>

PART B – INCORPORATION OF COMPANIES AND INCIDENTAL MATTERS<\/strong><\/a><\/p>

CHAPTER 1:\u00a0\u00a0 FORMATION OF COMPANY<\/strong><\/p>

18\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Right to form a company.<\/p>

19\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Association and Partnership of more than 20 members when permitted.<\/p>

20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Capacity of individual to form company.<\/p>

21\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Types of companies.<\/p>

22\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Private company<\/p>

23\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Consequences of default in complying with conditions constituting a private company.<\/p>

24\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Public company.<\/p>

25\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unlimited company.<\/p>

26\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Company limited by guarantee.<\/p>

MEMORANDUM OF ASSOCIATION<\/p>

27\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Requirements with respect to the memorandum of a company.<\/p>

NAME OF COMPANY<\/p>

28\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Form of memorandum of association.<\/p>

29\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Name as stated in the memorandum of association.<\/p>

30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Change of name of company.<\/p>

31\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Reservation of name.<\/p>

32\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Articles of association.<\/p>

33\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Power of Minister to prescribe model articles.<\/p>

34\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Default application of model articles.<\/p>

35\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of company\u2019s objects.<\/p>

36\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Registration documents.<\/p>

37\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of capital and initial shareholdings.<\/p>

38\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of guarantee.<\/p>

39\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of proposed Directors.<\/p>

40\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of compliance.<\/p>

41\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Registration.<\/p>

42\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Effect of registration.<\/p>

CAPACITY AND POWERS OF COMPANIES<\/p>

43\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Powers of companies and prohibition of donations for political purpose.<\/p>

44\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Effect of ultra vires acts.<\/p>

45\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Effect of reliance on restrictions in the memorandum.<\/p>

46\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Effect of memorandum and articles.<\/p>

47\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Member\u2019s right to copies of memorandum, etc.<\/p>

48\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Copies of memorandum issued to embody alterations.<\/p>

49\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Restriction on alteration of memorandum.<\/p>

50\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Alteration of memorandum.<\/p>

51\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mode of alteration of business or objects.<\/p>

52\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Power to alter provisions in the memorandum in certain cases.<\/p>

53\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Alteration of articles.<\/p>

54\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Limitation of liability to contribute to share capital if memorandum, etc., altered.<\/p>

CHAPTER 2 – RE-REGISTRATION OF COMPANIES<\/strong><\/p>

55\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Alteration of status by re-registration.<\/p>

56\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Re-registration of private company as public.<\/p>

57\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Requirements as to share capital.<\/p>

58\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Requirements as to net assets.<\/p>

59\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Recent allotment of shares for non-cash consideration.<\/p>

60\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application and accompanying documents.<\/p>

61\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of proposed secretary.<\/p>

62\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Issue of certificate of incorporation on re-registration.<\/p>

63\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Re-registration of public company as private limited company.<\/p>

64\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application to Court to cancel resolution.<\/p>

65\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Notice to Commission of Court application or order.<\/p>

66\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application and accompanying documents.<\/p>

67\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Issue of certificate of incorporation on re-registration.<\/p>

68\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Re-registration of private limited company as unlimited.<\/p>

69\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application and accompanying documents.<\/p>

70\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Issue of certificate of incorporation on re-registration.<\/p>

71\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Re-registration of unlimited company as limited.<\/p>

72\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application and accompanying documents.<\/p>

73\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Issue of certificate of incorporation on re-registration.<\/p>

74\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Statement of capital required where company already has share capital.<\/p>

75\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Re-registration of public company as unlimited.<\/p>

76\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application and accompanying documents.<\/p>

77\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Issue of certificate of incorporation on re-registration.<\/p>

CHAPTER 3 – FOREIGN COMPANIES<\/strong><\/p>

78\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Foreign Companies intending to carry on business in Nigeria.<\/p>

79\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Penalties.<\/p>

80\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Power to exempt foreign companies.<\/p>

81\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Annual report.<\/p>

82\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Exempted foreign company to have status of unregistered company.<\/p>

83\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Penalties for false information.<\/p>

84\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Application of certain sections to foreign companies.\u00a0\u00a0<\/p>

CHAPTER 4 \u2013 PROMOTERS<\/strong><\/p>

85\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Persons promoting a company.<\/p>

86\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Duties and liabilities of a promoter.<\/p>

CHAPTER 5 – ACTS BY OR ON BEHALF OF THE COMPANY EXERCISE OF COMPANY\u2019S POWERS<\/strong><\/p>

87\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Division of powers between general meeting and board of directors.<\/p>

88\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Delegation to committees and managing directors.<\/p>

LIABILITY FOR ACTS OF THE COMPANY<\/p>

89\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Acts of the general meeting, board of directors, or of managing directors.<\/p>

90\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Acts of officers or agents.<\/p>

91\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 When provision exempting, officer or other person from liability to the company is void.<\/p>

92\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Abolition of constructive notice of registered documents.<\/p>

93\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Presumptions of regularity.<\/p>

94\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Liability of company not affected by fraud or forgery of officer.<\/p>

COMPANY\u2019S CONTRACTS<\/p>

95\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Form of contract.<\/p>

96\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pre-incorporation contracts.<\/p>

97\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Bills of exchange and promissory note.<\/p>

98\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Common seal of the company.<\/p>

99\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Official seal for use abroad.<\/p>

100\u00a0\u00a0\u00a0\u00a0 Power of Attorney.<\/p>

AUTHENTICATION AND SERVICE OF DOCUMENTS<\/p>

101\u00a0\u00a0\u00a0\u00a0 Authentication of documents.<\/p>

102\u00a0\u00a0\u00a0\u00a0 Execution of deeds by company.<\/p>

103\u00a0\u00a0\u00a0\u00a0 Alternative to sealing.<\/p>

104\u00a0\u00a0\u00a0\u00a0 Service of documents on companies.<\/p>

CHAPTER 6 – MEMBERSHIP OF THE COMPANY<\/strong><\/p>

105\u00a0\u00a0\u00a0\u00a0 Definition of member.<\/p>

106\u00a0\u00a0\u00a0\u00a0 Capacity to be a member.<\/p>

107\u00a0\u00a0\u00a0\u00a0 Right of member to attend meetings and vote.<\/p>

108\u00a0\u00a0\u00a0\u00a0 Personation of members.<\/p>

109\u00a0\u00a0\u00a0\u00a0 Register of members.<\/p>

110\u00a0\u00a0\u00a0\u00a0 Location of register.<\/p>

111\u00a0\u00a0\u00a0\u00a0 Index of members to be kept.<\/p>

112\u00a0\u00a0\u00a0\u00a0 Inspection of register and index.<\/p>

113\u00a0\u00a0\u00a0\u00a0 Consequences of agents\u2019 default to keep register.<\/p>

114\u00a0\u00a0\u00a0\u00a0 Power to close register.<\/p>

115\u00a0\u00a0\u00a0\u00a0 Power of Court to rectify register.<\/p>

116\u00a0\u00a0\u00a0\u00a0 Register to be evidence.<\/p>

117\u00a0\u00a0\u00a0\u00a0 Liability of members.<\/p>

118\u00a0\u00a0\u00a0\u00a0 Liability for company debts where membership is below legal minimum.<\/p>

DISCLOSURE OF PERSONS WITH SIGNIFICANT CONTROL<\/p>

119\u00a0\u00a0\u00a0\u00a0 Disclosure of capacity by shareholder.<\/p>

120\u00a0\u00a0\u00a0\u00a0 Obligation of disclosure by substantial shareholder in public company.<\/p>

121\u00a0\u00a0\u00a0\u00a0 Person ceasing to be a substantial shareholder to notify company.<\/p>

122\u00a0\u00a0\u00a0\u00a0 Register of interests in shares.<\/p>

123\u00a0\u00a0\u00a0\u00a0 Registration of interests to be disclosed.<\/p>

CHAPTER 7 – SHARE CAPITAL<\/strong><\/p>

124\u00a0\u00a0\u00a0\u00a0\u00a0 Minimum issued share capital.<\/p>

125\u00a0\u00a0\u00a0\u00a0 Alteration of share capital by consolidation, etc.<\/p>

126\u00a0\u00a0\u00a0\u00a0 Notice required where shares consolidated, etc.<\/p>

127\u00a0\u00a0\u00a0\u00a0 Increase of issued share capital and notice of increase.<\/p>

128\u00a0\u00a0\u00a0\u00a0 Increase of issued capital on increase of shares.<\/p>

129\u00a0\u00a0\u00a0\u00a0 Power for unlimited company to provide reserve share capital on re-registration.<\/p>

REDUCTION OF SHARE CAPITAL<\/p>

130\u00a0\u00a0\u00a0\u00a0 Restriction on reduction of issued share capital.<\/p>

131\u00a0\u00a0\u00a0\u00a0 Special resolution for reduction of share capital.<\/p>

132\u00a0\u00a0\u00a0\u00a0 Application to Court for Order of Confirmation.<\/p>

133\u00a0\u00a0\u00a0\u00a0 Court order confirming reduction.<\/p>

134\u00a0\u00a0\u00a0\u00a0 Registration of order and minutes of reduction.<\/p>

135\u00a0\u00a0\u00a0\u00a0 Liability of members on reduced shares.<\/p>

136\u00a0\u00a0\u00a0\u00a0 Penalty for concealing name of creditor, etc.<\/p>

MISCELLANEOUS MATTERS RELATING TO CAPITAL<\/p>

137\u00a0\u00a0\u00a0\u00a0 Duty of directors on serious loss of capital.<\/p>

CHAPTER 8 \u2013 SHARES AND NATURE OF SHARES<\/strong><\/p>

138\u00a0\u00a0\u00a0\u00a0 Rights and liabilities attached to shares.<\/p>

139\u00a0\u00a0\u00a0\u00a0 Shares as transferable property.<\/p>

140\u00a0\u00a0\u00a0\u00a0 Prohibition of non-voting and weighted shares.<\/p>

ISSUE OF SHARES<\/p>

141\u00a0\u00a0\u00a0\u00a0 Power of companies to issue shares.<\/p>

142\u00a0\u00a0\u00a0\u00a0 Pre-emptive rights of existing shareholders.<\/p>

143\u00a0\u00a0\u00a0\u00a0 Issue of classes of shares.<\/p>

144\u00a0\u00a0\u00a0\u00a0 Issue with rights attached.<\/p>

145\u00a0\u00a0\u00a0\u00a0 Issue of shares at a premium.<\/p>

146\u00a0\u00a0\u00a0\u00a0 Issue of shares at a discount.<\/p>

147\u00a0\u00a0\u00a0\u00a0 Issue of redeemable preference shares.<\/p>

148\u00a0\u00a0\u00a0\u00a0 Validation of improperly issued shares.<\/p>

ALLOTMENT OF SHARES<\/p>

149\u00a0\u00a0\u00a0\u00a0 Authority to allot shares.<\/p>

150\u00a0\u00a0\u00a0\u00a0 Method of application and allotment.<\/p>

151\u00a0\u00a0\u00a0\u00a0 Allotment as acceptance of contract.<\/p>

152\u00a0\u00a0\u00a0\u00a0 Payment on allotment.<\/p>

153\u00a0\u00a0\u00a0\u00a0 Effect of irregular allotment.<\/p>

154\u00a0\u00a0\u00a0\u00a0 Return as to allotment.<\/p>

155\u00a0\u00a0\u00a0\u00a0 Prohibition of payments of commissions, discounts out of shares and capital.<\/p>

156\u00a0\u00a0\u00a0\u00a0 Power to pay Commission in certain cases.<\/p>

157\u00a0\u00a0\u00a0\u00a0 Statement in balance sheet as to Commission.<\/p>

CALL ON AND PAYMENT FOR SHARES<\/p>

158\u00a0\u00a0\u00a0\u00a0 Call on shares.<\/p>

159\u00a0\u00a0\u00a0\u00a0 Reserve liability of company having share capital.<\/p>

160\u00a0\u00a0\u00a0\u00a0 Payment for shares.<\/p>

161\u00a0\u00a0\u00a0\u00a0 Meaning of payment in cash.<\/p>

162\u00a0\u00a0\u00a0\u00a0 Payment for shares of public companies other than in cash.<\/p>

163\u00a0\u00a0\u00a0\u00a0 Power to pay different amounts on shares.<\/p>

164\u00a0\u00a0\u00a0\u00a0 Lien on shares.<\/p>

165\u00a0\u00a0\u00a0\u00a0 Forfeiture of shares.<\/p>

CLASSES OF SHARES<\/p>

166\u00a0\u00a0\u00a0\u00a0 Power to vary rights.<\/p>

167\u00a0\u00a0\u00a0\u00a0 Application for cancellation of variation.<\/p>

168\u00a0\u00a0\u00a0\u00a0 Right of a preference share to more than one vote.<\/p>

169\u00a0\u00a0\u00a0\u00a0 Construction of class rights.<\/p>

NUMBERING OF SHARES<\/p>

170\u00a0\u00a0\u00a0\u00a0 Shares to be numbered.<\/p>

SHARES CERTIFICATES<\/p>

171\u00a0\u00a0\u00a0\u00a0 Issue of share certificates.<\/p>

172\u00a0\u00a0\u00a0\u00a0 Effect of share certificate.<\/p>

173\u00a0\u00a0\u00a0\u00a0 Probate, etc., as evidence of grant.<\/p>

174\u00a0\u00a0\u00a0\u00a0 Prohibition of bearer shares.<\/p>

TRANSFER AND TRANSMISSION<\/p>

175\u00a0\u00a0\u00a0\u00a0 Transfer of shares.<\/p>

176\u00a0\u00a0\u00a0\u00a0 Entry in register of transfers.<\/p>

177\u00a0\u00a0\u00a0\u00a0 Notice of refusal to register.<\/p>

178\u00a0\u00a0\u00a0\u00a0 Transfer by personal representative.<\/p>

179\u00a0\u00a0\u00a0\u00a0 Transmission of shares.<\/p>

180\u00a0\u00a0\u00a0\u00a0 Protection of beneficiaries.<\/p>

181\u00a0\u00a0\u00a0\u00a0 Certification of transfers.<\/p>

TRANSACTIONS BY COMPANY IN RESPECT OF ITS OWN SHARES<\/p>

182\u00a0\u00a0\u00a0\u00a0 Redemption of redeemable preference shares.<\/p>

183\u00a0\u00a0\u00a0\u00a0 Prohibition of financial assistance by company for acquisition of its shares.<\/p>

184\u00a0\u00a0\u00a0\u00a0 Acquisition by a company of its own shares.<\/p>

185\u00a0\u00a0\u00a0\u00a0 Payment for share buyback.<\/p>

186\u00a0\u00a0\u00a0\u00a0 Persons from who shares can be bought back.<\/p>

187\u00a0\u00a0\u00a0\u00a0 Limit on number of shares acquired.<\/p>

188\u00a0\u00a0\u00a0\u00a0 Enforceability of contract to acquire shares.<\/p>

189\u00a0\u00a0\u00a0\u00a0 Re-issue of shares acquired.<\/p>

190\u00a0\u00a0\u00a0\u00a0 Acquisition of shares of holding company.<\/p>

CHAPTER 9 \u2013 DEBENTURES<\/strong><\/p>

CREATION OF DEBENTURE AND DEBENTURE STOCK<\/p>

191\u00a0\u00a0\u00a0\u00a0 Power to borrow money, to charge property and to issue debentures.<\/p>

192\u00a0\u00a0\u00a0\u00a0 Documents of title to debentures or certificate of debenture stock.<\/p>

193\u00a0\u00a0\u00a0\u00a0 Statements to be included in debentures.<\/p>

194\u00a0\u00a0\u00a0\u00a0 Effect of statements in debentures.<\/p>

195\u00a0\u00a0\u00a0\u00a0 Enforcement of contracts relating to debentures.<\/p>

TYPES OF DEBENTURES<\/p>

196\u00a0\u00a0\u00a0\u00a0 Perpetual debentures.<\/p>

197\u00a0\u00a0\u00a0\u00a0 Convertible debentures.<\/p>

198\u00a0\u00a0\u00a0\u00a0 Secured or unsecured debentures.<\/p>

199\u00a0\u00a0\u00a0\u00a0 Redeemable debentures.<\/p>

200\u00a0\u00a0\u00a0\u00a0 Power to re-issue redeemed debentures in certain cases.<\/p>

201\u00a0\u00a0\u00a0\u00a0 Rights of debenture holders.<\/p>

202\u00a0\u00a0\u00a0\u00a0 Meetings of debenture holders.<\/p>

FIXED AND FLOATING CHARGES<\/p>

203\u00a0\u00a0\u00a0\u00a0 Meaning of floating and fixed charges.<\/p>

204\u00a0\u00a0\u00a0\u00a0 Priority of fixed over floating charge.<\/p>

205\u00a0\u00a0\u00a0\u00a0 Powers of the court.<\/p>

206\u00a0\u00a0\u00a0\u00a0 Advertisement of appointment of receiver and manager.<\/p>

207\u00a0\u00a0\u00a0\u00a0 Preferential payment to debenture holders in certain cases.<\/p>

DEBENTURE TRUST DEEDS<\/p>

208\u00a0\u00a0\u00a0\u00a0 Execution of debenture trust deed.<\/p>

209\u00a0\u00a0\u00a0\u00a0 Contents of debenture trust deed.<\/p>

210\u00a0\u00a0\u00a0\u00a0 Contents of debenture covered by trust deed.<\/p>

211\u00a0\u00a0\u00a0\u00a0 Trustees for debenture holders.<\/p>

212\u00a0\u00a0\u00a0\u00a0 Disqualification for appointment as trustee of debenture trust deed.<\/p>

213\u00a0\u00a0\u00a0\u00a0 Liability of trustees for debenture holders.<\/p>

214\u00a0\u00a0\u00a0\u00a0 Restrictions on transferability of debentures.<\/p>

PROVISIONS AS TO COMPANY\u2019S REGISTER OF CHARGES, DEBENTURE HOLDERS AND AS TO COPIES OF INSTRUMENTS CREATING CHARGES<\/p>

215\u00a0\u00a0\u00a0\u00a0 Company to keep copies of instruments creating charges.<\/p>

216\u00a0\u00a0\u00a0\u00a0 Company\u2019s register of charges.<\/p>

217\u00a0\u00a0\u00a0\u00a0 Inspection of register and copies of instrument.<\/p>

218\u00a0\u00a0\u00a0\u00a0 Register of debenture holders.<\/p>

219\u00a0\u00a0\u00a0\u00a0 Inspection of register of debentures, etc.<\/p>

220\u00a0\u00a0\u00a0\u00a0 Entry in register of transfer.<\/p>

221\u00a0\u00a0\u00a0\u00a0 Notice of refusal to register.<\/p>

222\u00a0\u00a0\u00a0\u00a0 Registration of charges created by companies.<\/p>

223\u00a0\u00a0\u00a0\u00a0 Register of particulars of charges.<\/p>

224\u00a0\u00a0\u00a0\u00a0 Duty of company to register charges.<\/p>

225\u00a0\u00a0\u00a0\u00a0 Duty of company acquiring property to register subsisting charges.<\/p>

226\u00a0\u00a0\u00a0\u00a0 Existing charges.<\/p>

227\u00a0\u00a0\u00a0\u00a0 Charges to secure fluctuating amounts.<\/p>

228\u00a0\u00a0\u00a0\u00a0 Endorsement of certificate of registration on debentures.<\/p>

229\u00a0\u00a0\u00a0\u00a0 Entries of satisfaction of charges<\/p>

230\u00a0\u00a0\u00a0\u00a0 Rectification of register.<\/p>

231\u00a0\u00a0\u00a0\u00a0 Registration of appointment order, etc.<\/p>

REALISATION OF SECURITY<\/p>

232\u00a0\u00a0\u00a0\u00a0 Realisation of debenture holder\u2019s security.<\/p>

233\u00a0\u00a0\u00a0\u00a0 Remedies available to debenture holders.<\/p>

234\u00a0\u00a0\u00a0\u00a0 Application of certain sections.<\/p>

CHAPTER 10 –\u00a0\u00a0 MEETINGS AND PROCEEDINGS OF COMPANIES<\/strong><\/p>

235\u00a0\u00a0\u00a0\u00a0 Statutory Meeting.<\/p>

236\u00a0\u00a0\u00a0\u00a0 Non-compliance and penalty.<\/p>

GENERAL MEETING<\/p>

237\u00a0\u00a0\u00a0\u00a0 Annual general meeting.<\/p>

238\u00a0\u00a0\u00a0\u00a0 Businesses transacted at annual general meeting.<\/p>

EXTRAORDINARY GENERAL MEETING<\/p>

239\u00a0\u00a0\u00a0\u00a0 Extraordinary general meeting.<\/p>

240\u00a0\u00a0\u00a0\u00a0 Place of meeting.<\/p>

NOTICE OF MEETING<\/p>

241\u00a0\u00a0\u00a0\u00a0 Length of notice for calling meetings.<\/p>

242\u00a0\u00a0\u00a0\u00a0 Contents of notice.<\/p>

243\u00a0\u00a0\u00a0\u00a0 Persons entitled to notice.<\/p>

244\u00a0\u00a0\u00a0\u00a0 Service of notice.<\/p>

245\u00a0\u00a0\u00a0\u00a0 Failure to give notice.<\/p>

246\u00a0\u00a0\u00a0\u00a0 Additional notice.<\/p>

247\u00a0\u00a0\u00a0\u00a0 Power of Court to order meetings.<\/p>

VOTING<\/p>

248\u00a0\u00a0\u00a0\u00a0 Procedure of voting.<\/p>

249\u00a0\u00a0\u00a0\u00a0 Right to demand poll.<\/p>

250\u00a0\u00a0\u00a0\u00a0 Voting on a poll.<\/p>

251\u00a0\u00a0\u00a0\u00a0 Right of attendance at general meeting.<\/p>

252\u00a0\u00a0\u00a0\u00a0 Attendance at meetings.<\/p>

253\u00a0\u00a0\u00a0\u00a0 Objections as to qualification to vote.<\/p>

254\u00a0\u00a0\u00a0\u00a0 Proxies.<\/p>

255\u00a0\u00a0\u00a0\u00a0 Corporation representation at meetings of companies, etc.<\/p>

256\u00a0\u00a0\u00a0\u00a0 Quorum.<\/p>

257\u00a0\u00a0\u00a0\u00a0 Disclosure of remuneration of managers.<\/p>

258\u00a0\u00a0\u00a0\u00a0 Resolutions.<\/p>

259\u00a0\u00a0\u00a0\u00a0 Written resolutions.<\/p>

260\u00a0\u00a0\u00a0\u00a0 Circulation of members\u2019 resolutions.<\/p>

261\u00a0\u00a0\u00a0\u00a0 Resolutions requiring special notice.<\/p>

262\u00a0\u00a0\u00a0\u00a0 Registration and copies of certain resolutions.<\/p>

263\u00a0\u00a0\u00a0\u00a0 Effect of resolutions passed at adjourned meetings.<\/p>

MISCELLANEOUS MATTER RELATING TO MEETINGS AND PROCEEDING<\/p>

264\u00a0\u00a0\u00a0\u00a0 Adjournment.<\/p>

265\u00a0\u00a0\u00a0\u00a0 Powers and duties of the chairman of the general meeting.<\/p>

266\u00a0\u00a0\u00a0\u00a0 Minutes of proceedings and effect.<\/p>

267\u00a0\u00a0\u00a0\u00a0 Inspection of minute books and copies.<\/p>

268\u00a0\u00a0\u00a0\u00a0 Class meetings.<\/p>

CHAPTER 11 \u2013 DIRECTORS<\/strong><\/p>

269\u00a0\u00a0\u00a0\u00a0 Meaning of directors.<\/p>

270\u00a0\u00a0\u00a0\u00a0 Shadow director.<\/p>

APPOINTMENT OF DIRECTORS<\/p>

271\u00a0\u00a0\u00a0\u00a0 Number of directors.<\/p>

272\u00a0\u00a0\u00a0\u00a0 Appointment of first directors.<\/p>

273\u00a0\u00a0\u00a0\u00a0 Subsequent appointments of directors.<\/p>

274\u00a0\u00a0\u00a0\u00a0 Casual vacancy.<\/p>

275\u00a0\u00a0\u00a0\u00a0 Independent directors in public companies.<\/p>

276\u00a0\u00a0\u00a0\u00a0 Liability of a person where not duly appointed.<\/p>

277\u00a0\u00a0\u00a0\u00a0 Share qualification of directors.<\/p>

278\u00a0\u00a0\u00a0\u00a0 Duty of directors to disclose age and multiple directorship to the company.<\/p>

279\u00a0\u00a0\u00a0\u00a0 Provisions as to insolvent persons acting as directors.<\/p>

280\u00a0\u00a0\u00a0\u00a0 Restraint of fraudulent persons.<\/p>

281\u00a0\u00a0\u00a0\u00a0 Appointment of director for life.<\/p>

282\u00a0\u00a0\u00a0\u00a0 Right to appoint a director at any age.<\/p>

283\u00a0\u00a0\u00a0\u00a0 Disqualification for directorship.<\/p>

284\u00a0\u00a0\u00a0\u00a0 Vacation of office of director.<\/p>

285\u00a0\u00a0\u00a0\u00a0 Rotation of directors.<\/p>

286\u00a0\u00a0\u00a0\u00a0 Validity of acts of directors.<\/p>

287\u00a0\u00a0\u00a0\u00a0 Mode of voting on appointment of directors.<\/p>

REMOVAL OF DIRECTORS<\/p>

288\u00a0\u00a0\u00a0\u00a0 Removal of directors.<\/p>

PROCEEDINGS OF DIRECTORS<\/p>

289\u00a0\u00a0\u00a0\u00a0 Proceedings of directors.<\/p>

290\u00a0\u00a0\u00a0\u00a0 Quorum.<\/p>

291\u00a0\u00a0\u00a0\u00a0 Failure to have a quorum.<\/p>

292\u00a0\u00a0\u00a0\u00a0 Notice of meeting.<\/p>

REMUNERATION AND OTHER PAYMENTS<\/p>

293\u00a0\u00a0\u00a0\u00a0 Remuneration of directors.<\/p>

294\u00a0\u00a0\u00a0\u00a0 Remuneration of a managing director.<\/p>

295\u00a0\u00a0\u00a0\u00a0 Prohibition of tax-free payments to directors.<\/p>

296\u00a0\u00a0\u00a0\u00a0 Prohibition of loans to directors in certain circumstances.<\/p>

297\u00a0\u00a0\u00a0\u00a0 Payment by company for loss of office to be approved.<\/p>

298\u00a0\u00a0\u00a0\u00a0 Payment to director for loss of office, etc., or transfer of property illegal.<\/p>

299\u00a0\u00a0\u00a0\u00a0 Directors to disclose payment for loss of office, etc., in certain cases.<\/p>

300\u00a0\u00a0\u00a0\u00a0 Provisions supplementary to sections 298 -299.<\/p>

DISCLOSURE OF DIRECTOR\u2019S INTERESTS<\/p>

301\u00a0\u00a0\u00a0\u00a0 Register of directors\u2019 shareholding, etc.<\/p>

302\u00a0\u00a0\u00a0\u00a0 General duty to give notice, etc.<\/p>

303\u00a0\u00a0\u00a0\u00a0 Disclosure by directors of interests in contracts.<\/p>

304\u00a0\u00a0\u00a0\u00a0 Particulars with respect to directors in trade catalogues, etc.<\/p>

305\u00a0\u00a0\u00a0\u00a0 Duties of directors.<\/p>

306\u00a0\u00a0\u00a0\u00a0 Conflicts of duties and interests.<\/p>

307\u00a0\u00a0\u00a0\u00a0 Multiple directorships.<\/p>

308\u00a0\u00a0\u00a0\u00a0 Duty of care and skill.<\/p>

309\u00a0\u00a0\u00a0\u00a0 Legal position of directors.<\/p>

PROPERTY TRANSACTIONS BY DIRECTORS<\/p>

310\u00a0\u00a0\u00a0\u00a0 Substantial property transactions involving directors, controlling members, etc.<\/p>

311\u00a0\u00a0\u00a0\u00a0 Exceptions from section 310.<\/p>

312\u00a0\u00a0\u00a0\u00a0 Liabilities arising from contravention of section 310.<\/p>

313\u00a0\u00a0\u00a0\u00a0 Prohibition of secret benefits.<\/p>

MISCELLANEOUS MATTER RELATING TO DIRECTORS<\/p>

314\u00a0\u00a0\u00a0\u00a0 Directors with unlimited liability in respect of a limited company.<\/p>

315\u00a0\u00a0\u00a0\u00a0 Special resolution of limited company making liability of directors unlimited.<\/p>

316\u00a0\u00a0\u00a0\u00a0 Personal liability of directors and officers.<\/p>

317\u00a0\u00a0\u00a0\u00a0 Director\u2019s contract of employment for more than five years.<\/p>

318\u00a0\u00a0\u00a0\u00a0 Register of directors.<\/p>

319\u00a0\u00a0\u00a0\u00a0 Particulars of directors to be registered.<\/p>

320\u00a0\u00a0\u00a0\u00a0 Register of directors\u2019 residential addresses.<\/p>

321\u00a0\u00a0\u00a0\u00a0 Duty to notify the Commission of changes.<\/p>

PARTICULARS OF DIRECTORS TO BE REGISTERED AND NOTIFIED TO THE COMMISSION<\/p>

322\u00a0\u00a0\u00a0\u00a0 Power to make regulations on particulars of director.<\/p>

RESTRICTION ON USE OR DISCLOSURE OF DIRECTOR\u2019S ADDRESSES<\/p>

323\u00a0\u00a0\u00a0\u00a0 Protected information.<\/p>

324\u00a0\u00a0\u00a0\u00a0 Restriction on use or disclosure of protection information by company.<\/p>

325\u00a0\u00a0\u00a0\u00a0 Protected information: restriction on use or disclosure by the Commission.<\/p>

326\u00a0\u00a0\u00a0\u00a0 Permitted use or disclosure by the Commission.<\/p>

327\u00a0\u00a0\u00a0\u00a0 Disclosure under Court order.<\/p>

328\u00a0\u00a0\u00a0\u00a0 Circumstances in which Commission may put address on the public record.<\/p>

329\u00a0\u00a0\u00a0\u00a0 Putting the address on the public record.<\/p>

CHAPTER 12 \u2013 SECRETARIES<\/strong><\/p>

330\u00a0\u00a0\u00a0\u00a0 Secretaries.<\/p>

331\u00a0\u00a0\u00a0\u00a0 Avoidance of acts done by a person as director and secretary.<\/p>

332\u00a0\u00a0\u00a0\u00a0 Qualification of a Secretary.<\/p>

333\u00a0\u00a0\u00a0\u00a0 Appointment and removal of a secretary.<\/p>

334\u00a0\u00a0\u00a0\u00a0 Fiduciary interests of a secretary.<\/p>

335\u00a0\u00a0\u00a0\u00a0 Duties of a secretary.<\/p>

336\u00a0\u00a0\u00a0\u00a0 Register of secretaries.<\/p>

337\u00a0\u00a0\u00a0\u00a0 Particulars of secretaries to be registered: individuals.<\/p>

338\u00a0\u00a0\u00a0\u00a0 Particulars of secretaries to be registered: corporate secretaries and firms.<\/p>

339\u00a0\u00a0\u00a0\u00a0 Duty to notify the Commission of changes.<\/p>

340\u00a0\u00a0\u00a0\u00a0 Particulars of secretaries to be registered and notified to the Commission: power to make regulations.\u00a0\u00a0<\/p>

CHAPTER 13 – PROTECTION OF MINORITY AGAINST ILLEGAL AND OPPRESSIVE CONDUCT ACTION BY OR AGAINST THE COMPANY<\/strong><\/p>

341\u00a0\u00a0\u00a0\u00a0 Only company may sue for wrong or ratify irregular conduct.<\/p>

342\u00a0\u00a0\u00a0\u00a0 Procedure for major asset transaction.<\/p>

343\u00a0\u00a0\u00a0\u00a0 Protection of minority: injunction and declaration in certain cases.<\/p>

344\u00a0\u00a0\u00a0\u00a0 Personal and representative action.<\/p>

345\u00a0\u00a0\u00a0\u00a0 Definition of member.<\/p>

346\u00a0\u00a0\u00a0\u00a0 Commencing derivative action.<\/p>

347\u00a0\u00a0\u00a0\u00a0 Powers of the court.<\/p>

348\u00a0\u00a0\u00a0\u00a0 Evidence of shareholders\u2019 approval not decisive.<\/p>

349\u00a0\u00a0\u00a0\u00a0 Court\u2019s approval to discontinue.<\/p>

350\u00a0\u00a0\u00a0\u00a0 No security for costs.<\/p>

351\u00a0\u00a0\u00a0\u00a0 Interim costs.<\/p>

352\u00a0\u00a0\u00a0\u00a0 Definition.<\/p>

RELIEF ON THE GROUNDS OF UNFAIRLY PREJUDICIAL AND OPPRESSIVE CONDUCT<\/p>

353\u00a0\u00a0\u00a0\u00a0 Application.<\/p>

354\u00a0\u00a0\u00a0\u00a0 Grounds upon which an application may be made.<\/p>

355\u00a0\u00a0\u00a0\u00a0 Powers of the court.<\/p>

356\u00a0\u00a0\u00a0\u00a0 Penalty for failure to comply with order of the court.<\/p>

357\u00a0\u00a0\u00a0\u00a0 Investigation of a company on its own application or that of its members.<\/p>

358\u00a0\u00a0\u00a0\u00a0 Other investigations of company.<\/p>

359\u00a0\u00a0\u00a0\u00a0 Inspectors\u2019 powers during investigation.<\/p>

360\u00a0\u00a0\u00a0\u00a0 Production of documents and evidence to inspectors.<\/p>

361\u00a0\u00a0\u00a0\u00a0 Power of Inspector to call for directors\u2019 bank accounts.<\/p>

362\u00a0\u00a0\u00a0\u00a0 Obstruction of Inspectors to be treated as contempt of Court.<\/p>

363\u00a0\u00a0\u00a0\u00a0 Inspector\u2019s report.<\/p>

364\u00a0\u00a0\u00a0\u00a0 Power to bring civil proceedings on company\u2019s behalf.<\/p>

365\u00a0\u00a0\u00a0\u00a0 Criminal proceedings and other proceedings by the Attorney-General of the Federation.<\/p>

366\u00a0\u00a0\u00a0\u00a0 Power of the Commission to present winding-up petition.<\/p>

367\u00a0\u00a0\u00a0\u00a0 Expenses of investigation.<\/p>

368\u00a0\u00a0\u00a0\u00a0 Inspectors\u2019 report to be used as evidence in legal proceedings.<\/p>

369\u00a0\u00a0\u00a0\u00a0 Appointment of inspectors to investigate ownership of a company.<\/p>

370\u00a0\u00a0\u00a0\u00a0 Provisions applicable to investigation.<\/p>

371\u00a0\u00a0\u00a0\u00a0 Power to require information as to persons interested in shares, etc.<\/p>

372\u00a0\u00a0\u00a0\u00a0 Power to impose restrictions on shares, etc.<\/p>

373\u00a0\u00a0\u00a0\u00a0 Savings for legal practitioners and bankers.<\/p>

CHAPTER 14 – FINANCIAL STATEMENTS AND AUDIT ACCOUNTING RECORDS<\/strong><\/p>

374\u00a0\u00a0\u00a0\u00a0 Companies to keep accounting records.<\/p>

375\u00a0\u00a0\u00a0\u00a0 Place, duration and form of records.<\/p>

376\u00a0\u00a0\u00a0\u00a0 Penalties for non-compliance with sections 374 or 375.<\/p>

377\u00a0\u00a0\u00a0\u00a0 Directors\u2019 duty to prepare annual accounts.<\/p>

FORM AND CONTENT OF COMPANY, INDIVIDUAL AND GROUP FINANCIAL STATEMENTS<\/p>

378\u00a0\u00a0\u00a0\u00a0 Form and content of individual financial statements.<\/p>

379\u00a0\u00a0\u00a0\u00a0 Group financial statements of holding company.<\/p>

380\u00a0\u00a0\u00a0\u00a0 Form and content of group financial statements.<\/p>

381\u00a0\u00a0\u00a0\u00a0 Meaning of \u201cholding company\u201d, \u201csubsidiary\u201d and \u201cwholly-owned subsidiary.\u201d<\/p>

382\u00a0\u00a0\u00a0\u00a0 Additional disclosure required in notes to financial statements.<\/p>

383\u00a0\u00a0\u00a0\u00a0 Disclosure of loans in favour of directors and connected persons.<\/p>

384\u00a0\u00a0\u00a0\u00a0 Disclosure of loans to officers of the company and statements of amounts outstanding.<\/p>

DIRECTORS\u2019 REPORTS<\/p>

385\u00a0\u00a0\u00a0\u00a0 Directors\u2019 report.<\/p>

PROCEDURE ON COMPLETION OF FINANCIAL STATEMENTS<\/p>

386\u00a0\u00a0\u00a0\u00a0 Signing of balance sheet and documents to be annexed thereto.<\/p>

387\u00a0\u00a0\u00a0\u00a0 Persons entitled to receive financial statements as of right.<\/p>

388\u00a0\u00a0\u00a0\u00a0 Directors\u2019 duty to lay and deliver financial statements.<\/p>

389\u00a0\u00a0\u00a0\u00a0 Penalty for non-compliance with section 388.<\/p>

390\u00a0\u00a0\u00a0\u00a0 Default order in case of non-compliance.<\/p>

391\u00a0\u00a0\u00a0\u00a0 Penalty for laying or delivering defective financial statements.<\/p>

392\u00a0\u00a0\u00a0\u00a0 Shareholders\u2019 right to obtain copies of financial statements.<\/p>

MODIFIED FINANCIAL STATEMENTS<\/p>

393\u00a0\u00a0\u00a0\u00a0 Entitlement to deliver financial statements in modified form.<\/p>

394\u00a0\u00a0\u00a0\u00a0 Qualification of a small company.<\/p>

395\u00a0\u00a0\u00a0\u00a0 Companies qualifying as small: parent companies.<\/p>

396\u00a0\u00a0\u00a0\u00a0 Modified individual financial statements.<\/p>

397\u00a0\u00a0\u00a0\u00a0 Modified financial statements of holding company.<\/p>

PUBLICATION OF FINANCIAL STATEMENTS<\/p>

398\u00a0\u00a0\u00a0\u00a0 Publication by a company of full individual or group financial statements.<\/p>

399\u00a0\u00a0\u00a0\u00a0 Publication of abridged financial statements.<\/p>

SUPPLEMENTARY<\/p>

400\u00a0\u00a0\u00a0\u00a0 Power to alter accounting requirements.<\/p>

CHAPTER 15 \u2013 AUDIT<\/strong><\/p>

401\u00a0\u00a0\u00a0\u00a0 Appointment of auditors.<\/p>

402\u00a0\u00a0\u00a0\u00a0 Exemption from audit requirement.<\/p>

403\u00a0\u00a0\u00a0\u00a0 Qualification of auditors.<\/p>

404\u00a0\u00a0\u00a0\u00a0 Auditors\u2019 report and audit committee.<\/p>

405\u00a0\u00a0\u00a0\u00a0 Corporate responsibility for financial reports.<\/p>

406\u00a0\u00a0\u00a0\u00a0 Improper influence on conduct of audit.<\/p>

407\u00a0\u00a0\u00a0\u00a0 Auditors\u2019 duties and powers.<\/p>

408\u00a0\u00a0\u00a0\u00a0 Remuneration of auditors.<\/p>

409\u00a0\u00a0\u00a0\u00a0 Removal of auditors.<\/p>

410\u00a0\u00a0\u00a0\u00a0 Auditors\u2019 right to attend company\u2019s meetings.<\/p>

411\u00a0\u00a0\u00a0\u00a0 Supplementary provisions relating to auditors.<\/p>

412\u00a0\u00a0\u00a0\u00a0 Resignation of auditors.<\/p>

413\u00a0\u00a0\u00a0\u00a0 Right of resigning auditor to requisition company meeting.<\/p>

414\u00a0\u00a0\u00a0\u00a0 Powers of auditors in relation to subsidiaries.<\/p>

415\u00a0\u00a0\u00a0\u00a0 Liability of auditors for negligence.<\/p>

416\u00a0\u00a0\u00a0\u00a0 False statements to auditors.<\/p>

CHAPTER 16 – ANNUAL RETURNS<\/strong><\/p>

417\u00a0\u00a0\u00a0\u00a0 Annual return by company limited by shares or guarantee.<\/p>

418\u00a0\u00a0\u00a0\u00a0 Annual return by company having shares other than small company.<\/p>

419\u00a0\u00a0\u00a0\u00a0 Annual return by small company.<\/p>

420\u00a0\u00a0\u00a0\u00a0 Annual return by company limited by guarantee.<\/p>

421\u00a0\u00a0\u00a0\u00a0 Time for completion and delivery of annual return.<\/p>

422\u00a0\u00a0\u00a0\u00a0 Documents to be annexed to annual return.<\/p>

423\u00a0\u00a0\u00a0\u00a0 Certificate by private company and small company in annual return.<\/p>

424\u00a0\u00a0\u00a0\u00a0 Exception in certain cases of unlimited companies and small companies from requirements of section 422.<\/p>

425\u00a0\u00a0\u00a0\u00a0 Penalty for non-compliance with sections 417- 423.<\/p>

426\u00a0\u00a0\u00a0\u00a0 Declaration of dividends and payment of interim dividend.<\/p>

427\u00a0\u00a0\u00a0\u00a0 Distributable profits.<\/p>

428\u00a0\u00a0\u00a0\u00a0 Restriction on declaration and payment of dividends.<\/p>

429\u00a0\u00a0\u00a0\u00a0 Unclaimed dividends.<\/p>

430\u00a0\u00a0\u00a0\u00a0 Reserve and capitalisation.<\/p>

431\u00a0\u00a0\u00a0\u00a0 Employees\u2019 shares and profit sharing.<\/p>

432\u00a0\u00a0\u00a0\u00a0 Right of the shareholders to sue for dividends.<\/p>

433\u00a0\u00a0\u00a0\u00a0 Liability for paying dividend out of capital.<\/p>

CHAPTER 17 – COMPANY VOLUNTARY ARRANGEMENTS<\/strong><\/p>

434\u00a0\u00a0\u00a0 Those who may propose an arrangement.<\/p>

435\u00a0\u00a0\u00a0\u00a0 Procedure where nominee is not the liquidator or administrator.<\/p>

436\u00a0\u00a0\u00a0\u00a0 Summoning of meetings.<\/p>

CONSIDERATION AND IMPLEMENTATION PROPOSAL<\/p>

437\u00a0\u00a0\u00a0\u00a0 Decisions of meetings.<\/p>

438\u00a0\u00a0\u00a0\u00a0 Approval of arrangement.<\/p>

439\u00a0\u00a0\u00a0\u00a0 Effect of approval.<\/p>

440\u00a0\u00a0\u00a0\u00a0 Challenge of decisions.<\/p>

441\u00a0\u00a0\u00a0\u00a0 A false representation, etc.<\/p>

442\u00a0\u00a0\u00a0\u00a0 Implementation of proposal.<\/p>

CHAPTER 18 – ADMINISTRATION OF COMPANIES<\/strong><\/p>

NATURE OF ADMINISTRATION<\/p>

443\u00a0\u00a0\u00a0\u00a0 Appointment of administrator.<\/p>

444\u00a0\u00a0\u00a0\u00a0 Purpose of administration.<\/p>

445\u00a0\u00a0\u00a0\u00a0 Standard of performance of administrator.<\/p>

446\u00a0\u00a0\u00a0\u00a0 Status of administrator.<\/p>

447\u00a0\u00a0\u00a0\u00a0 General restrictions on appointment of administrator.<\/p>

APPOINTMENT OF ADMINISTRATOR BY COURT<\/p>

448\u00a0\u00a0\u00a0\u00a0 Administration order.<\/p>

449\u00a0\u00a0\u00a0\u00a0 Conditions for making order.<\/p>

450\u00a0\u00a0\u00a0\u00a0 Application to Court for administration order.<\/p>

451\u00a0\u00a0\u00a0\u00a0 Powers of Court.<\/p>

452\u00a0\u00a0\u00a0\u00a0 Power to appoint by holder of floating charge.<\/p>

453\u00a0\u00a0\u00a0\u00a0 Restrictions on power to appoint.<\/p>

454\u00a0\u00a0\u00a0\u00a0 When not to appoint administrator.<\/p>

455\u00a0\u00a0\u00a0\u00a0 Notice of appointment.<\/p>

456\u00a0\u00a0\u00a0\u00a0 Commencement of appointment of administrator under section 450.<\/p>

457\u00a0\u00a0\u00a0\u00a0 Notification of appointment.<\/p>

458\u00a0\u00a0\u00a0\u00a0 Invalid appointment and indemnity.<\/p>

APPOINTMENT OF ADMINISTRATION BY COMPANY OR DIRECTORS OUT OF COURT<\/p>

459\u00a0\u00a0\u00a0\u00a0 Power to appoint by company or directors.<\/p>

460\u00a0\u00a0\u00a0\u00a0 Restrictions on power to appoint.<\/p>

461\u00a0\u00a0\u00a0\u00a0 Effect of moratorium on the appointment of administrator.<\/p>

462\u00a0\u00a0\u00a0\u00a0 Effect of non-disposal of winding-up petition on appointment of administrator.<\/p>

463\u00a0\u00a0\u00a0\u00a0 Notice of intention to appoint.<\/p>

464\u00a0\u00a0\u00a0\u00a0 Filing of notice of intention to appoint.<\/p>

465\u00a0\u00a0\u00a0\u00a0 Requirements of sections 463 and 464 to be complied with.<\/p>

466\u00a0\u00a0\u00a0\u00a0 Filing of notice of appointment.<\/p>

467\u00a0\u00a0\u00a0\u00a0 Offence in relation to section 464.<\/p>

468\u00a0\u00a0\u00a0\u00a0 Where person not entitled to notice of intention to appoint.<\/p>

469\u00a0\u00a0\u00a0\u00a0 Commencement of appointment under section 459.<\/p>

470\u00a0\u00a0\u00a0\u00a0 Notification of administrator of his appointment.<\/p>

471\u00a0\u00a0\u00a0\u00a0 Effect of administration order on appointment.<\/p>

ADMINISTRATION \u2013 SPECIAL CASES<\/p>

472\u00a0\u00a0\u00a0\u00a0 Application by holder of floating charge.<\/p>

473\u00a0\u00a0\u00a0\u00a0 Intervention by holder of floating charge.<\/p>

474\u00a0\u00a0\u00a0\u00a0 Application where company in liquidation.<\/p>

475\u00a0\u00a0\u00a0\u00a0 Administration application by liquidator.<\/p>

476\u00a0\u00a0\u00a0\u00a0 Effect of receivership based on appointment by a holder of a fixed charge.<\/p>

EFFECT OF ADMINISTRATION<\/p>

477\u00a0\u00a0\u00a0\u00a0 Dismissal of pending winding-up petition.<\/p>

478\u00a0\u00a0\u00a0\u00a0 Vacation of office by receiver.<\/p>

479\u00a0\u00a0\u00a0\u00a0 Company in administration.<\/p>

480\u00a0\u00a0\u00a0\u00a0 Moratorium on other legal process.<\/p>

481\u00a0\u00a0\u00a0\u00a0 Where administration application or administration order not yet granted.<\/p>

482\u00a0\u00a0\u00a0\u00a0 Details to be stated on documents.<\/p>

PROCESS OF ADMINISTRATION<\/p>

483\u00a0\u00a0\u00a0\u00a0 Announcement of administrator\u2019s appointment.<\/p>

484\u00a0\u00a0\u00a0\u00a0 Administrator to be provided with statement of affairs of company.<\/p>

485\u00a0\u00a0\u00a0\u00a0 Period within which to submit statement of affairs.<\/p>

486\u00a0\u00a0\u00a0\u00a0 Administrator\u2019s proposals.<\/p>

487\u00a0\u00a0\u00a0\u00a0 Creditors\u2019 meeting.<\/p>

488\u00a0\u00a0\u00a0\u00a0 Requirement for initial creditors\u2019 meeting.<\/p>

489\u00a0\u00a0\u00a0\u00a0 Restrictions on summoning of initial creditors\u2019 meeting.<\/p>

490\u00a0\u00a0\u00a0\u00a0 Business and result of initial creditors\u2019 meeting.<\/p>

491\u00a0\u00a0\u00a0\u00a0 Revision of administrator\u2019s proposal.<\/p>

492\u00a0\u00a0\u00a0\u00a0 Failure to obtain approval of administrator\u2019s proposals.<\/p>

493\u00a0\u00a0\u00a0\u00a0 Further creditors\u2019 meetings.<\/p>

494\u00a0\u00a0\u00a0\u00a0 Creditors\u2019 Committee.<\/p>

495\u00a0\u00a0\u00a0\u00a0 Correspondence instead of creditors\u2019 meeting.<\/p>

FUNCTIONS OF ADMINISTRATOR<\/p>

496\u00a0\u00a0\u00a0\u00a0 General powers.<\/p>

497\u00a0\u00a0\u00a0\u00a0 Additional powers of administrator.<\/p>

498\u00a0\u00a0\u00a0\u00a0 Power to remove or appoint director.<\/p>

499\u00a0\u00a0\u00a0\u00a0 Power to call meetings of members and creditors.<\/p>

500\u00a0\u00a0\u00a0\u00a0 Application for direction of Court.<\/p>

501\u00a0\u00a0\u00a0\u00a0 Management power not to be exercised without consent of administrator.<\/p>

502\u00a0\u00a0\u00a0\u00a0 Distribution.<\/p>

503\u00a0\u00a0\u00a0\u00a0 Payments likely to achieve purpose of administration.<\/p>

504\u00a0\u00a0\u00a0\u00a0 Custody and control of property.<\/p>

505\u00a0\u00a0\u00a0\u00a0 Management of affairs of company.<\/p>

506\u00a0\u00a0\u00a0\u00a0 Administrator as agent of company.<\/p>

507\u00a0\u00a0\u00a0\u00a0 Charged property: floating charge.<\/p>

508\u00a0\u00a0\u00a0\u00a0 Charged property: non-floating charge.<\/p>

509\u00a0\u00a0\u00a0\u00a0 Hire-purchase property.<\/p>

510\u00a0\u00a0\u00a0\u00a0 Protection for secured or preferential creditor.<\/p>

511\u00a0\u00a0\u00a0\u00a0 Challenge to administrator\u2019s conduct of company.<\/p>

CESSATION OF ADMINISTRATION<\/p>

512\u00a0\u00a0\u00a0\u00a0 Misfeasance.<\/p>

513\u00a0\u00a0\u00a0\u00a0 Automatic cessation of administration.<\/p>

514\u00a0\u00a0\u00a0\u00a0 When to make order under section 513 of this Act.<\/p>

515\u00a0\u00a0\u00a0\u00a0 Meaning of consent for purposes of section 513 (2) (b) of this Act.<\/p>

516\u00a0\u00a0\u00a0\u00a0 Form and extent of consent.<\/p>

517\u00a0\u00a0\u00a0\u00a0 Cessation of administration by Court on application of administrator.<\/p>

518\u00a0\u00a0\u00a0\u00a0 Termination of administration where objective is achieved.<\/p>

519\u00a0\u00a0\u00a0\u00a0 Cessation of administration by Court on application of creditors.<\/p>

520\u00a0\u00a0\u00a0\u00a0 Public interest winding-up.<\/p>

521\u00a0\u00a0\u00a0\u00a0 Moving from administration to creditors\u2019 voluntary liquidation.<\/p>

522\u00a0\u00a0\u00a0\u00a0 Moving from administration to dissolution.<\/p>

523\u00a0\u00a0\u00a0\u00a0 Discharge of administration order on cessation of administration.<\/p>

524\u00a0\u00a0\u00a0\u00a0 Notice to the Commission on cessation of administration.<\/p>

REPLACEMENT OF ADMINISTRATOR<\/p>

525\u00a0\u00a0\u00a0\u00a0 Resignation of administrator.<\/p>

526\u00a0\u00a0\u00a0\u00a0 Removal of administrator from office.<\/p>

527\u00a0\u00a0\u00a0\u00a0 Administrator ceasing to be qualified.<\/p>

528\u00a0\u00a0\u00a0\u00a0 Supplying vacancy in office of administrator.<\/p>

529\u00a0\u00a0\u00a0\u00a0 Replacement of administrator appointed by Court order.<\/p>

530\u00a0\u00a0\u00a0\u00a0 Replacement of administrator appointed by holder of floating charge.<\/p>

531\u00a0\u00a0\u00a0\u00a0 Replacement of administrator appointed by company.<\/p>

532\u00a0\u00a0\u00a0\u00a0 Replacement of administrator appointed by directors.<\/p>

533\u00a0\u00a0\u00a0\u00a0 Replacement of administrator appointed by administration order.<\/p>

534\u00a0\u00a0\u00a0\u00a0 Substitution of administrator by a competing floating charge-holder.<\/p>

535\u00a0\u00a0\u00a0\u00a0 Substitution of administrator appointed by company or directors by creditors\u2019 meeting.<\/p>

536\u00a0\u00a0\u00a0\u00a0 Discharge from liability on vacation of office.<\/p>

537\u00a0\u00a0\u00a0\u00a0 Charges and liabilities on vacation of office.<\/p>

GENERAL<\/p>

538\u00a0\u00a0\u00a0\u00a0 Joint and concurrent administrators.<\/p>

539\u00a0\u00a0\u00a0\u00a0 Joint administrators.<\/p>

540\u00a0\u00a0\u00a0\u00a0 Concurrent administrators.<\/p>

541\u00a0\u00a0\u00a0\u00a0 Joint and concurrent administrators acting with administrator of company.<\/p>

542\u00a0\u00a0\u00a0\u00a0 Presumption of validity.<\/p>

543\u00a0\u00a0\u00a0\u00a0 Majority decision of directors.<\/p>

544\u00a0\u00a0\u00a0\u00a0 Penalties.<\/p>

545\u00a0\u00a0\u00a0\u00a0 Extension of time limit.<\/p>

546\u00a0\u00a0\u00a0\u00a0 Variation of time.<\/p>

547\u00a0\u00a0\u00a0\u00a0 Period extended under section 545 or 546.<\/p>

548\u00a0\u00a0\u00a0\u00a0 Amendment of provision about time.<\/p>

549\u00a0\u00a0\u00a0\u00a0 Interpretation of this Chapter.<\/p>

CHAPTER 19 \u2014 RECEIVERS AND MANAGERS,<\/strong><\/p>

APPOINTMENT OF RECEIVERS AND MANAGERS<\/p>

550\u00a0\u00a0\u00a0\u00a0 Disqualification for appointment as a receiver or manager.<\/p>

551\u00a0\u00a0\u00a0\u00a0 Power of the court to appoint official receiver for debenture holders and other creditors.<\/p>

552\u00a0\u00a0\u00a0\u00a0 Appointment of receivers and managers by the Court.<\/p>

553\u00a0\u00a0\u00a0\u00a0 Receivers and managers appointed out of Court.<\/p>

554\u00a0\u00a0\u00a0\u00a0 Power of a receiver or manager appointed out of Court to apply to the Court for directions.<\/p>

555\u00a0\u00a0\u00a0\u00a0 Notification to the Commission that a receiver or manager has been appointed.<\/p>

DUTIES, POWERS AND LIABILITIES OF RECEIVERS AND MANAGERS<\/p>

556\u00a0\u00a0\u00a0\u00a0 Duties and powers of receivers and managers.<\/p>

557\u00a0\u00a0\u00a0\u00a0 Liabilities of receivers and managers on contracts.<\/p>

558\u00a0\u00a0\u00a0\u00a0 Power of the Court to fix remuneration on application of liquidator.<\/p>

PROCEDURE AFTER APPOINTMENT<\/p>

559\u00a0\u00a0\u00a0\u00a0 Information where receiver or manager appointed in respect of a floating charge.<\/p>

560\u00a0\u00a0\u00a0\u00a0 Special provisions as to statement submitted to receiver.<\/p>

ACCOUNTS BY RECEIVER OR MANAGER<\/p>

561\u00a0\u00a0\u00a0\u00a0 Delivery to Commission of accounts of receivers and managers.<\/p>

DUTY AS TO RETURNS<\/p>

562\u00a0\u00a0\u00a0\u00a0 Enforcement of duty of receivers and managers to make returns, etc.<\/p>

CONSTRUCTION OF REFERENCES<\/p>

563\u00a0\u00a0\u00a0\u00a0 Construction of references to receivers and managers.<\/p>

CHAPTER 20 \u2014 WINDING UP OF COMPANIES MODES OF WINDING UP<\/strong><\/p>

564\u00a0\u00a0\u00a0\u00a0 Modes of winding up.<\/p>

CONTRIBUTORIES<\/p>

565\u00a0\u00a0\u00a0\u00a0 Liability as contributories of present and past members.<\/p>

566\u00a0\u00a0\u00a0\u00a0 Definition of contributory.<\/p>

567\u00a0\u00a0\u00a0\u00a0 Nature of liability of contributory.<\/p>

568\u00a0\u00a0\u00a0\u00a0 Contributories in case of death of member.<\/p>

569\u00a0\u00a0\u00a0\u00a0 Contributories in case of bankruptcy of member.\u00a0<\/p>

CHAPTER 21 \u2014 WINDING UP BY THE COURT JURISDICTION<\/strong><\/p>

570\u00a0\u00a0\u00a0\u00a0 Jurisdiction as to winding up.<\/p>

CASES IN WHICH COMPANY MAY BE WOUND UP<\/p>

571\u00a0\u00a0\u00a0\u00a0 Circumstances in which companies may be wound up by Court.<\/p>

572\u00a0\u00a0\u00a0\u00a0 Definition of inability to pay debts.<\/p>

PETITION FOR WINDING-UP AND ITS EFFECTS<\/p>

573\u00a0\u00a0\u00a0\u00a0 Provisions as to application for winding up.<\/p>

574\u00a0\u00a0\u00a0\u00a0 Powers of Court on hearing petition.<\/p>

575\u00a0\u00a0\u00a0\u00a0 Power to stay or restrain proceedings against company.<\/p>

576\u00a0\u00a0\u00a0\u00a0 Avoidance of dispositions of property after commencement of winding up.<\/p>

577\u00a0\u00a0\u00a0\u00a0 Avoidance of attachments.<\/p>

COMMENCEMENT OF WINDING-UP<\/p>

578\u00a0\u00a0\u00a0\u00a0 Commencement of a winding-up by the Court.<\/p>

CONSEQUENCES OF INDING-UP ORDER<\/p>

579\u00a0\u00a0\u00a0\u00a0 Copy of order to be forwarded to Commission.<\/p>

580\u00a0\u00a0\u00a0\u00a0 Actions stayed on winding-up order.<\/p>

581\u00a0\u00a0\u00a0\u00a0 Effect of winding-up order.<\/p>

OFFICIAL RECEIVERS<\/p>

582\u00a0\u00a0\u00a0\u00a0 Definition of official receiver.<\/p>

583\u00a0\u00a0\u00a0\u00a0 Statement of company’s affairs to be submitted to official receiver.<\/p>

584\u00a0\u00a0\u00a0\u00a0 Report by official receiver.<\/p>

LIQUIDATORS<\/p>

585\u00a0\u00a0\u00a0\u00a0 Appointment, remuneration and title of liquidators.<\/p>

586\u00a0\u00a0\u00a0\u00a0 Custody of company’s property.<\/p>

587\u00a0\u00a0\u00a0\u00a0 Vesting of property of company in liquidator.<\/p>

588\u00a0\u00a0\u00a0\u00a0 Powers of liquidator.<\/p>

589\u00a0\u00a0\u00a0\u00a0 Liquidator to give information, to official receiver.<\/p>

590\u00a0\u00a0\u00a0\u00a0 Exercise and control of liquidator’s powers.<\/p>

591\u00a0\u00a0\u00a0\u00a0 Payments by liquidator into companies\u2019 liquidation account.<\/p>

592\u00a0\u00a0\u00a0\u00a0 Audit of liquidator’s account.<\/p>

593\u00a0\u00a0\u00a0\u00a0 Books to be kept by liquidator.<\/p>

594\u00a0\u00a0\u00a0\u00a0 Release of liquidator.<\/p>

595\u00a0\u00a0\u00a0\u00a0 Control over liquidators.<\/p>

COMMITTEE OF INSPECTION, SPECIAL MANAGER<\/p>

596\u00a0\u00a0\u00a0\u00a0 Power to appoint committee of inspection after meeting of creditors and others.<\/p>

597\u00a0\u00a0\u00a0\u00a0 Powers, etc. of committee of inspection.<\/p>

598\u00a0\u00a0\u00a0\u00a0 Powers where no committee of inspection is appointed.<\/p>

599\u00a0\u00a0\u00a0\u00a0 Power to appoint special manager.<\/p>

600\u00a0\u00a0\u00a0\u00a0 Official receiver as receiver for debenture holders.<\/p>

GENERAL POWERS OF COURT IN THE CASE OF WINDING-UP BY COURT<\/p>

601\u00a0\u00a0\u00a0\u00a0 Power to stay winding-up.<\/p>

602\u00a0\u00a0\u00a0\u00a0 Settlement of list of contributories and application of assets.<\/p>

603\u00a0\u00a0\u00a0\u00a0 Delivery of property to liquidator.<\/p>

604\u00a0\u00a0\u00a0\u00a0 Payments by contributory to company and set-off allowance.<\/p>

605\u00a0\u00a0\u00a0\u00a0 Power of Court to make calls.<\/p>

606\u00a0\u00a0\u00a0\u00a0 Power to order payment into companies’ liquidation account.<\/p>

607\u00a0\u00a0\u00a0\u00a0 Order on contributory to be conclusive evidence.<\/p>

608\u00a0\u00a0\u00a0\u00a0 Power to exclude creditors not proving in time.<\/p>

609 \u00a0\u00a0\u00a0 Adjustment of rights of contributors.<\/p>

610\u00a0\u00a0\u00a0\u00a0 Inspection of books by creditors and contributories.<\/p>

611\u00a0\u00a0\u00a0\u00a0 Power to order costs of winding-up to be paid out of assets.<\/p>

612\u00a0\u00a0\u00a0\u00a0 Power to summon persons suspected of having property of company, etc.<\/p>

613\u00a0\u00a0\u00a0\u00a0 Power to order public examination of promoters, etc.<\/p>

614\u00a0\u00a0\u00a0\u00a0 Power to arrest absconding contributory.<\/p>

615\u00a0\u00a0\u00a0\u00a0 Powers of Court cumulative.<\/p>

616\u00a0\u00a0\u00a0\u00a0 Delegation to liquidator of certain powers of Court.<\/p>

617\u00a0\u00a0\u00a0\u00a0 Dissolution of company.<\/p>

ENFORCEMENT OF AND APPEALS FROM ORDERS<\/p>

618\u00a0\u00a0\u00a0\u00a0 Power to enforce orders.<\/p>

619\u00a0\u00a0\u00a0\u00a0 Appeals from orders.\u00a0\u00a0\u00a0<\/p>

CHAPTER 22 \u2014 VOLUNTARY WINDING UP RESOLUTIONS FOR AND<\/strong><\/p>

COMMENCEMENT OF VOLUNTARY WINDING UP<\/p>

620\u00a0\u00a0\u00a0\u00a0 Circumstances in which company may be wound-up voluntarily.<\/p>

621\u00a0\u00a0\u00a0\u00a0 Notice of resolution to wind-up voluntarily.<\/p>

622\u00a0\u00a0\u00a0\u00a0 Commencement of voluntary winding-up.<\/p>

623\u00a0\u00a0\u00a0\u00a0 Effect of voluntary winding-up on business, etc., of company.<\/p>

624\u00a0\u00a0\u00a0\u00a0 Avoidance of transfer, etc., after commencement of voluntary winding-up.<\/p>

DECLARATION OF SOLVENCY<\/p>

625\u00a0\u00a0\u00a0\u00a0 Statutory declaration of solvency where proposal to wind-up voluntarily.<\/p>

PROVISIONS APPLICABLE TO A MEMBER\u2019S VOLUNTARY WINDING-UP<\/p>

626\u00a0\u00a0\u00a0\u00a0 Provisions applicable to a members’ voluntary winding-up.<\/p>

627\u00a0\u00a0\u00a0\u00a0 Power to appoint liquidators.<\/p>

628\u00a0\u00a0\u00a0\u00a0 Power to fill vacancy in office of liquidators.<\/p>

629\u00a0\u00a0\u00a0\u00a0 Liquidator to call creditors’ meeting on insolvency.<\/p>

630\u00a0\u00a0\u00a0\u00a0 Liquidator to call general meeting at end of each year.<\/p>

631\u00a0\u00a0\u00a0\u00a0 Final meeting and dissolution.<\/p>

632\u00a0\u00a0\u00a0\u00a0 Alternative provisions as to annual and final meetings in insolvency cases.<\/p>

633\u00a0\u00a0\u00a0\u00a0 Books and accounts during members’ voluntary winding-up.<\/p>

PROVISION APPLICABLE TO A CREDITOR\u2019S VOLUNTARY WINDING-UP<\/p>

634\u00a0\u00a0\u00a0\u00a0 Provisions applicable to creditors’ winding-up voluntarily.<\/p>

635\u00a0\u00a0\u00a0\u00a0 Meeting of creditors.<\/p>

636\u00a0\u00a0\u00a0\u00a0 Appointment of liquidator and cesser of directors’ powers.<\/p>

637\u00a0\u00a0\u00a0\u00a0 Appointment of committee of inspection.<\/p>

638\u00a0\u00a0\u00a0\u00a0 Fixing of liquidators’ remuneration.<\/p>

639\u00a0\u00a0\u00a0\u00a0 Power to fill vacancy in the office of liquidator.<\/p>

640\u00a0\u00a0\u00a0\u00a0 Liquidator to call meetings of company and others at the end of each year.<\/p>

641\u00a0\u00a0\u00a0\u00a0 Final meeting and dissolution.<\/p>

PROVISIONS APPLICABLE TO EVERY VOLUNTARY WINDING-UP<\/p>

642\u00a0\u00a0\u00a0\u00a0 Provisions applicable to every voluntary winding-up.<\/p>

643\u00a0\u00a0\u00a0\u00a0 Distribution of property of company.<\/p>

644\u00a0\u00a0\u00a0\u00a0 Powers of liquidator in every voluntary winding-up.<\/p>

645\u00a0\u00a0\u00a0\u00a0 Power of Court to appoint liquidator.<\/p>

646\u00a0\u00a0\u00a0\u00a0 Power to apply to Court to determine questions or exercise powers.<\/p>

647\u00a0\u00a0\u00a0\u00a0 Costs of voluntary winding-up.<\/p>

648\u00a0\u00a0\u00a0\u00a0 Saving of rights of creditors and contributories.<\/p>

CHAPTER 23 \u2014 WINDING UP SUBJECT TO SUPERVISION OF COURT<\/strong><\/p>

649\u00a0\u00a0\u00a0\u00a0 Power to order winding-up subject to supervision.<\/p>

650\u00a0\u00a0\u00a0\u00a0 Effect of petition for winding-up subject to supervision.<\/p>

651\u00a0\u00a0\u00a0\u00a0 Application of sections 576 and 577.<\/p>

652\u00a0\u00a0\u00a0\u00a0 Power of Court to appoint and remove liquidators.<\/p>

653\u00a0\u00a0\u00a0\u00a0 Effect of supervision order.<\/p>

CHAPTER 24 \u2014 PROVISIONS APPLICABLE TO EVERY MODE OF WINDING-UP<\/strong><\/p>

654\u00a0\u00a0\u00a0\u00a0 Liquidator to give notice of appointment.<\/p>

655\u00a0\u00a0\u00a0\u00a0 Debts of all descriptions may be proved.<\/p>

656\u00a0\u00a0\u00a0\u00a0 Application of bankruptcy rules in certain cases.<\/p>

657\u00a0\u00a0\u00a0\u00a0 Preferential payments.<\/p>

EFFECT OF WINDING-UP AND ADMINISTRATION ON ANTECEDENT AND OTHER TRANSACTIONS<\/p>

658\u00a0\u00a0\u00a0\u00a0 Fraudulent preference.<\/p>

659\u00a0\u00a0\u00a0\u00a0 Transactions at an undervalue.<\/p>

660\u00a0\u00a0\u00a0\u00a0 Liabilities and rights of certain fraudulently preferred persons.<\/p>

661\u00a0\u00a0\u00a0\u00a0 Avoidance of attachments, on winding-up subject to supervision of the Court.<\/p>

662\u00a0\u00a0\u00a0\u00a0 Effect of floating charge.<\/p>

663\u00a0\u00a0\u00a0\u00a0 Disclaimer of onerous property.<\/p>

664\u00a0\u00a0\u00a0\u00a0 Persons injured.<\/p>

665\u00a0\u00a0\u00a0\u00a0 Supplies of gas, water, electricity, etc.<\/p>

666\u00a0\u00a0\u00a0\u00a0 Restriction of rights of creditor as to execution, etc., on winding- up of company.<\/p>

667\u00a0\u00a0\u00a0\u00a0 Duty of sheriff as to goods taken in execution.<\/p>

OFFENCES ANTECEDENT TO OR IN COURSE OF WINDING-UP<\/p>

668\u00a0\u00a0\u00a0\u00a0 Offences by officers of company in liquidation.<\/p>

669\u00a0\u00a0\u00a0\u00a0 Falsification of books.<\/p>

670\u00a0\u00a0\u00a0\u00a0 Frauds by officers of companies in liquidation.<\/p>

671\u00a0\u00a0\u00a0\u00a0 Liability where proper accounts not kept.<\/p>

672\u00a0\u00a0\u00a0\u00a0 Responsibility for fraudulent trading.<\/p>

673\u00a0\u00a0\u00a0\u00a0 Wrongful trading.<\/p>

674\u00a0\u00a0\u00a0\u00a0 Power of Court to assess damages against delinquent directors.<\/p>

PROSECUTION OF DELINQUENT OFFICERS AND MEMEBRS OF A COMPANY<\/p>

675\u00a0\u00a0\u00a0\u00a0 Prosecution of delinquent officers and members of a company.<\/p>

SUPPLEMENTARY PROVISIONS AS TO WINDING-UP<\/p>

676\u00a0\u00a0\u00a0\u00a0 Disqualifications for appointment as liquidator.<\/p>

677\u00a0\u00a0\u00a0\u00a0 Corrupt inducement affecting appointment as liquidator.<\/p>

678\u00a0\u00a0\u00a0\u00a0 Enforcement of duty of liquidator to make returns.<\/p>

679\u00a0\u00a0\u00a0\u00a0 Notification that a company is in liquidation.<\/p>

680\u00a0\u00a0\u00a0\u00a0 Exemption from stamp duty.<\/p>

681\u00a0\u00a0\u00a0\u00a0 Books of company to be evidence.<\/p>

682\u00a0\u00a0\u00a0\u00a0 Disposal of books and other papers of company.<\/p>

683\u00a0\u00a0\u00a0\u00a0 Information as to pending liquidations and disposal of unclaimed assets.<\/p>

684\u00a0\u00a0\u00a0\u00a0 Resolutions passed at adjourned meetings of creditors.<\/p>

685\u00a0\u00a0\u00a0\u00a0 Power to make over assets to employees.<\/p>

SUPPLEMENTARY POWERS OF COURT<\/p>

686\u00a0\u00a0\u00a0\u00a0 Meetings to ascertain wishes of creditors and others.<\/p>

687\u00a0\u00a0\u00a0\u00a0 Judicial notice of signatures of officers of Court.<\/p>

688\u00a0\u00a0\u00a0\u00a0 Judicial notice of signatures of certain government officials.<\/p>

689\u00a0\u00a0\u00a0\u00a0 Special commissioners for receiving evidence.<\/p>

690\u00a0\u00a0\u00a0\u00a0 Affidavits in Nigeria and elsewhere.<\/p>

PROVISIONS AS TO DISSOLUTION<\/p>

691\u00a0\u00a0\u00a0\u00a0 Power of Court to void dissolution of company.<\/p>

692\u00a0\u00a0\u00a0\u00a0 Power of Commission to strike off defunct company.<\/p>

693\u00a0\u00a0\u00a0\u00a0 Property of dissolved company to be declared as bona vacantia.<\/p>

CENTRAL ACCOUNTS<\/p>

694\u00a0\u00a0\u00a0\u00a0 Companies liquidation account defined.<\/p>

695\u00a0\u00a0\u00a0\u00a0 Investment of surplus funds in government securities.<\/p>

696\u00a0\u00a0\u00a0\u00a0 Separate accounts of particular estates.<\/p>

RETURNS BY OFFICERS OF COURT<\/p>

697\u00a0\u00a0\u00a0\u00a0 Returns by officers in winding-up.<\/p>

ACCOUNT TO BE PREPARED ANNUALLY<\/p>

698\u00a0\u00a0\u00a0\u00a0 Annual accounts of company winding-up and disposal.<\/p>

CHAPTER 25 \u2014 WINDING UP OF UNREGISTERED COMPANIES<\/strong><\/p>

699\u00a0\u00a0\u00a0\u00a0 Winding-up of unregistered company.<\/p>

700\u00a0\u00a0\u00a0\u00a0 Contributories in winding-up unregistered company.<\/p>

701\u00a0\u00a0\u00a0\u00a0 Power of Court to stay or restrain proceedings.<\/p>

702\u00a0\u00a0\u00a0\u00a0 Action stayed on winding-up order.<\/p>

703\u00a0\u00a0\u00a0\u00a0 Provisions of this Part to be cumulative.\u00a0\u00a0<\/p>

CHAPTER 26 \u2014 MISCELLANEOUS PROVISIONS APPLYING TO COMPANIES WHICH ARE INSOLVENT<\/strong><\/p>

704\u00a0\u00a0\u00a0\u00a0 Acting as insolvency practitioner.<\/p>

705\u00a0\u00a0\u00a0\u00a0 Qualification of insolvency practitioner.<\/p>

706\u00a0\u00a0\u00a0\u00a0 Recognition of professional body by the Commission.<\/p>

707\u00a0\u00a0\u00a0\u00a0 Application for authorisation to act as insolvency practitioner.<\/p>

708\u00a0\u00a0\u00a0\u00a0 Commission to notify the party of the refusal or withdrawal of authorisation.<\/p>

709\u00a0\u00a0\u00a0\u00a0 Review of Commission’s decision.<\/p>

CHAPTER 27 \u2014 ARRANGEMENTS AND COMPROMISE<\/strong><\/p>

710\u00a0\u00a0\u00a0\u00a0 Definition of arrangement.<\/p>

711\u00a0\u00a0\u00a0\u00a0 Arrangement or compromise between two or more companies.<\/p>

712\u00a0\u00a0\u00a0\u00a0 Provisions applicable to schemes or contacts involving transfer of shares in a company.<\/p>

713\u00a0\u00a0\u00a0\u00a0 Provisions applicable to dissenting shareholders.<\/p>

714\u00a0\u00a0\u00a0\u00a0 Arrangement on sale of company’s property during members’ voluntary winding-up.<\/p>

715\u00a0\u00a0\u00a0\u00a0 Power to compromise with creditors and members.<\/p>

716\u00a0\u00a0\u00a0\u00a0 Information as to compromise with creditors and members.<\/p>

717\u00a0\u00a0\u00a0\u00a0 Moratorium on creditors voluntary winding up in a scheme of arrangement.<\/p>

CHAPTER 28 \u2014 NETTING<\/strong><\/p>

718\u00a0\u00a0\u00a0\u00a0 Definition of applicable concepts.<\/p>

719\u00a0\u00a0\u00a0\u00a0 Powers of a financial regulatory authority.<\/p>

720\u00a0\u00a0\u00a0\u00a0 Enforceability of a qualified financial contract.<\/p>

721\u00a0\u00a0\u00a0\u00a0 Enforceability of netting agreements.<\/p>

CHAPTER 29 \u2014 MISCELLANEOUS AND SUPPLEMENTAL APPLICATION OF THIS PART<\/strong><\/p>

722\u00a0\u00a0\u00a0 Application of this Part.<\/p>

723\u00a0\u00a0\u00a0\u00a0 Act to override memorandum, articles.<\/p>

724\u00a0\u00a0\u00a0\u00a0 Application of Act to companies registered under former enactments.<\/p>

725\u00a0\u00a0\u00a0\u00a0 Application of Act to companies registered but not formed.<\/p>

726\u00a0\u00a0\u00a0\u00a0 Application of Act to unlimited companies registered under former enactments.<\/p>

727\u00a0\u00a0\u00a0\u00a0 Restricted in this Schedule application of Act to unregistered companies.<\/p>

ADMINISTRATION<\/p>

728\u00a0\u00a0\u00a0\u00a0 Registered and head office of company.<\/p>

729\u00a0\u00a0\u00a0\u00a0 Publication of name by company.<\/p>

730\u00a0\u00a0\u00a0\u00a0 Fees.<\/p>

731\u00a0\u00a0\u00a0\u00a0 Form of register.<\/p>

732\u00a0\u00a0\u00a0\u00a0 Rules of Court for winding-up of companies.<\/p>

733\u00a0\u00a0\u00a0\u00a0 Certain companies to publish statement in prescribed form.<\/p>

LEGAL PROCEEDINGS, ETC<\/p>

734\u00a0\u00a0\u00a0\u00a0 Prosecution of offences.<\/p>

735\u00a0\u00a0\u00a0\u00a0 Production of documents where offences suspected.<\/p>

736\u00a0\u00a0\u00a0\u00a0 Costs in actions by certain limited companies.<\/p>

737\u00a0\u00a0\u00a0\u00a0 Saving for privileged communications.<\/p>

738\u00a0\u00a0\u00a0\u00a0 Power of Court to grant relief in certain cases.<\/p>

739\u00a0\u00a0\u00a0\u00a0 Penalty for improper use of certain words.<\/p>

740\u00a0\u00a0\u00a0\u00a0 Extended effect of penalty for offence of fraudulent trading.<\/p>

741\u00a0\u00a0\u00a0\u00a0 Application of fines.<\/p>

742\u00a0\u00a0\u00a0\u00a0 Application by the Commission to the Court for directions.<\/p>

MISCELLANEOUS<\/p>

743\u00a0\u00a0\u00a0\u00a0 Alteration and application of Schedules, tables and forms.<\/p>

744\u00a0\u00a0\u00a0\u00a0 Enforcement of duty of company to make returns to Commission.<\/p>

745\u00a0\u00a0\u00a0\u00a0 Power of company to provide for employees on cessation or transfer of business.<\/p>

PART C: THE LIMITED LIABILITY PARTNERSHIP<\/strong><\/a><\/p>

CHAPTER 1 \u2014 NATURE OF LIMITED LIABILITY PARTNERSHIP<\/strong><\/p>

746\u00a0\u00a0\u00a0\u00a0 Limited liability partnership to be body corporate.<\/p>

747\u00a0\u00a0\u00a0\u00a0 Partners.<\/p>

748\u00a0\u00a0\u00a0\u00a0 Minimum number of partners.<\/p>

749\u00a0\u00a0\u00a0\u00a0 Designated partner.<\/p>

750\u00a0\u00a0\u00a0\u00a0 Liabilities of designated partners.<\/p>

751\u00a0\u00a0\u00a0\u00a0 Changes in designated partners.<\/p>

752\u00a0\u00a0\u00a0\u00a0 Penalty for contravention of sections 749 – 751.<\/p>

CHAPTER 2 \u2014 INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND INCIDENTAL MATTERS<\/strong><\/p>

753\u00a0\u00a0\u00a0\u00a0 Incorporation documents.<\/p>

754\u00a0\u00a0\u00a0\u00a0 Incorporation by registration.<\/p>

755\u00a0\u00a0\u00a0\u00a0 Registered office of limited liability partnership and change therein.<\/p>

756\u00a0\u00a0\u00a0\u00a0 Effect of registration.<\/p>

757\u00a0\u00a0\u00a0\u00a0 Name.<\/p>

758\u00a0\u00a0\u00a0\u00a0 Reservation of name and change of name.<\/p>

759\u00a0\u00a0\u00a0\u00a0 Penalty for improper use of words, limited liability partnership or LLP.<\/p>

760\u00a0\u00a0\u00a0\u00a0 Publication of name and limited liability.<\/p>

CHAPTER 3 \u2014 PARTNERS AND THEIR RELATIONS<\/strong><\/p>

761\u00a0\u00a0\u00a0\u00a0 Eligibility to be partners.<\/p>

762\u00a0\u00a0\u00a0\u00a0 Relationship of the partners.<\/p>

763\u00a0\u00a0\u00a0\u00a0 Cessation of partnership interest.<\/p>

764\u00a0\u00a0\u00a0\u00a0 Registration of changes in partners.<\/p>

CHAPTER 4 \u2014 EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS<\/strong><\/p>

765\u00a0\u00a0\u00a0\u00a0 Partner as agent.<\/p>

766\u00a0\u00a0\u00a0\u00a0 Extent of liability of limited liability partnership.<\/p>

767\u00a0\u00a0\u00a0\u00a0 Extent of liability of partner.<\/p>

768\u00a0\u00a0\u00a0\u00a0 Holding out.<\/p>

769\u00a0\u00a0\u00a0\u00a0 Unlimited liability in case of fraud.<\/p>

CHAPTER 5 \u2014 CONTRIBUTIONS<\/strong><\/p>

770\u00a0\u00a0\u00a0 Form of contribution.<\/p>

771\u00a0\u00a0\u00a0 Obligation to contribute.<\/p>

CHAPTER 6 \u2014 FINANCIAL DISCLOSURES<\/strong><\/p>

772\u00a0\u00a0\u00a0\u00a0 Maintenance of books of accounts, other records and audit.<\/p>

773\u00a0\u00a0\u00a0\u00a0 Annual return.\u00a0\u00a0\u00a0<\/p>

CHAPTER 7 \u2014 ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS<\/strong><\/p>

774\u00a0\u00a0\u00a0\u00a0 Partner’s transferable interest.<\/p>

CHAPTER 8 \u2014 INVESTIGATION<\/strong><\/p>

775\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investigation of the affairs of limited liability partnership.<\/p>

776\u00a0\u00a0\u00a0\u00a0 Application by partners for investigation.<\/p>

777\u00a0\u00a0\u00a0\u00a0 Firm, body corporate or association not to be appointed as inspector.<\/p>

778\u00a0\u00a0\u00a0\u00a0 Power of inspectors to carry out investigation into affairs of related entities, etc.<\/p>

779\u00a0\u00a0\u00a0\u00a0 Production of documents and evidence.<\/p>

780\u00a0\u00a0\u00a0\u00a0 Seizure of documents by inspector.<\/p>

781\u00a0\u00a0\u00a0\u00a0 Inspector’s report.<\/p>

782\u00a0\u00a0\u00a0\u00a0 Power to bring civil proceedings on limited liability partnership’s behalf.<\/p>

783\u00a0\u00a0\u00a0\u00a0 Criminal proceedings and other proceedings by the Attorney-General of the Federation.<\/p>

784\u00a0\u00a0\u00a0\u00a0 Power of the Commission to present winding-up petition.<\/p>

785\u00a0\u00a0\u00a0\u00a0 Expenses of investigation.<\/p>

786\u00a0\u00a0\u00a0\u00a0 Application for winding up of limited liability partnership.<\/p>

787\u00a0\u00a0\u00a0\u00a0 Inspector’s report to be evidence.<\/p>

CHAPTER 9 \u2014 FOREIGN LIMITED LIABILITY PARTNERSHIP<\/strong><\/p>

788\u00a0\u00a0\u00a0\u00a0 Foreign limited liability partnerships.<\/p>

789\u00a0\u00a0\u00a0\u00a0 CHAPTER 10 \u2014 WINDING UP AND DISSOLUTION<\/strong><\/p>

Winding up and dissolution.<\/p>

790\u00a0\u00a0\u00a0\u00a0 Circumstances in which limited liability partnership may be wound up by Court.<\/p>

791\u00a0\u00a0\u00a0\u00a0 CHAPTER 11 \u2014 MISCELLANEOUS<\/strong><\/p>

Disclosure of significant control in a limited liability partnership.<\/p>

792\u00a0\u00a0\u00a0\u00a0 Business transactions of partner with limited liability partnership.<\/p>

793\u00a0\u00a0\u00a0\u00a0 Power of the Commission to strike defunct limited liability partnership off register.<\/p>

794\u00a0\u00a0\u00a0\u00a0 Power to make rules.\u00a0<\/p>

PART D \u2014 THE LIMITED PARTNERSHIP<\/strong><\/a><\/p>

CHAPTER 1 \u2014 NATURE OF LIMITED PARTNERSHIP<\/strong><\/p>

795\u00a0\u00a0\u00a0\u00a0 Constitution of limited partnerships.<\/p>

796\u00a0\u00a0\u00a0\u00a0 Partners in a limited partnership.<\/p>

CHAPTER 2 \u2014 REGISTRATION OF LIMITED PARTNERSHIP AND INCIDENTAL MATTERS<\/strong><\/p>

797\u00a0\u00a0\u00a0\u00a0 Limited partnership to be registered.<\/p>

798\u00a0\u00a0\u00a0\u00a0 Application for registration.<\/p>

799\u00a0\u00a0\u00a0\u00a0 Certificate of registration.<\/p>

800\u00a0\u00a0\u00a0\u00a0 Registration of changes in partnership.<\/p>

801\u00a0\u00a0\u00a0\u00a0 Notice of change in status of general partner or assignment of share of limited partner.<\/p>

802\u00a0\u00a0\u00a0\u00a0 Name of limited partnership.<\/p>

803\u00a0\u00a0\u00a0\u00a0 Reservation of name and change of name of limited partnership.<\/p>

804\u00a0\u00a0\u00a0\u00a0 Penalty for improper use of words “limited partnership” or “LP”.<\/p>

805\u00a0\u00a0\u00a0\u00a0 Commission to keep register.<\/p>

806\u00a0\u00a0\u00a0\u00a0 Modification of general law in case of limited partnerships.<\/p>

807\u00a0\u00a0\u00a0\u00a0 Application of Part C.<\/p>

808\u00a0\u00a0\u00a0\u00a0 Law as to private partnerships to apply where not excluded by this Act.<\/p>

809\u00a0\u00a0\u00a0\u00a0 Inspection, etc. of documents.<\/p>

810\u00a0\u00a0\u00a0\u00a0 Liability for false statement.<\/p>

PART E: BUSINESS NAMES<\/strong><\/a><\/p>

CHAPTER 1 \u2014 ESTABLISHMENT OF BUSINESS NAMES REGISTRY; APPOINTMENT AND FUNCTIONS OF HEAD OF OFFICE AND OTHER OFFICERS<\/strong><\/p>

811\u00a0\u00a0\u00a0\u00a0 Establishment of business names registry in each state.<\/p>

812\u00a0\u00a0\u00a0\u00a0 Appointment of head of office and other officers of business names registry.<\/p>

813\u00a0\u00a0\u00a0\u00a0 Functions of the head of office.<\/p>

CHAPTER 2 \u2014 REGISTRATION OF BUSINESS NAMES<\/strong><\/p>

814\u00a0\u00a0\u00a0\u00a0 Registration of business names.<\/p>

815\u00a0\u00a0\u00a0\u00a0 Procedure for registration.<\/p>

816\u00a0\u00a0\u00a0\u00a0 Entry of business name in the register.<\/p>

817\u00a0\u00a0\u00a0\u00a0 Certificate of registration.<\/p>

818\u00a0\u00a0\u00a0\u00a0 Registration of changes.<\/p>

CHAPTER 3 \u2014 REMOVAL OF BUSINESS NAME FROM REGISTER<\/strong><\/p>

819\u00a0\u00a0\u00a0\u00a0 Removal of name from register.<\/p>

CHAPTER 4 \u2014 MISCELLANEOUS AND SUPPLEMENTAL<\/strong><\/p>

820\u00a0\u00a0\u00a0\u00a0 Publication of true name.<\/p>

821\u00a0\u00a0\u00a0\u00a0 Liability of person in default.<\/p>

822\u00a0\u00a0\u00a0\u00a0 Annual returns.<\/p>

PART F \u2014 INCORPORATED TRUSTEES<\/strong><\/a><\/p>

CHAPTER 1 \u2014 INCORPORATED TRUSTEES<\/strong><\/p>

823\u00a0\u00a0\u00a0\u00a0 Incorporation of trustees of certain communities, bodies and associations.<\/p>

824\u00a0\u00a0\u00a0\u00a0 Classification of associations.<\/p>

825\u00a0\u00a0\u00a0\u00a0 Method of application.<\/p>

826\u00a0\u00a0\u00a0\u00a0 Qualification of trustees.<\/p>

827\u00a0\u00a0\u00a0\u00a0 Constitution.<\/p>

828\u00a0\u00a0\u00a0\u00a0 Advertisement and objections.<\/p>

829\u00a0\u00a0\u00a0\u00a0 Registration and certificate.<\/p>

830\u00a0\u00a0\u00a0\u00a0 Effect of registration and certificate.<\/p>

831\u00a0\u00a0\u00a0\u00a0 Related associations.<\/p>

CHAPTER 2 \u2014 CHANGES IN REGISTERED PARTICULARS OF INCORPORATED TRUSTEES<\/strong><\/p>

832\u00a0\u00a0\u00a0\u00a0 Change of name or object.<\/p>

833\u00a0\u00a0\u00a0\u00a0 Alteration of provisions of the constitution.<\/p>

834\u00a0\u00a0\u00a0\u00a0 Replacement and appointment of additional trustees.<\/p>

835\u00a0\u00a0\u00a0\u00a0 Changes in contravention of certain provisions of this Part of this Act.<\/p>

CHAPTER 3 \u2014 COUNCIL, POWERS, INCOME AND PROPERTY<\/strong><\/p>

836\u00a0\u00a0\u00a0 Council or governing body.<\/p>

837 \u00a0\u00a0\u00a0 Exercise of powers of trustee.<\/p>

838\u00a0\u00a0\u00a0\u00a0 Application of income and property.\u00a0<\/p>

CHAPTER 4 \u2014 SUSPENSION OF TRUSTEES, APPOINTMENT OF INTERIM MANAGERS, ETC.<\/strong><\/p>

839\u00a0\u00a0\u00a0\u00a0\u00a0 Suspension of trustees, etc., appointment of interim manager, etc.<\/p>

CHAPTER 5 \u2014 COMMON SEAL AND CONTRACT<\/strong><\/p>

840\u00a0\u00a0\u00a0\u00a0 Common seal.<\/p>

841\u00a0\u00a0\u00a0\u00a0 Contract of corporate body.\u00a0\u00a0\u00a0<\/p>

CHAPTER 6 \u2014 ACCOUNTS AND ANNUAL RETURNS<\/strong><\/p>

POWER TO DIRECT TRANSFER OF CREDIT IN DORMANT BANK<\/p>

842\u00a0\u00a0\u00a0\u00a0 Accounts of dissolved incorporated trustees.<\/p>

843\u00a0\u00a0\u00a0\u00a0 Accounts which cease to be dormant before transfer.<\/p>

844\u00a0\u00a0\u00a0\u00a0 Dormant bank accounts: supplementary.<\/p>

845\u00a0\u00a0\u00a0\u00a0 Bi-annual statement of affairs.<\/p>

846\u00a0\u00a0\u00a0\u00a0 Accounting records and statement of accounts.<\/p>

847\u00a0\u00a0\u00a0\u00a0 Preservation of accounting records.<\/p>

848\u00a0\u00a0\u00a0\u00a0 Annual returns.<\/p>

CHAPTER 7 \u2014 MERGER AND DISSOLUTION<\/strong><\/p>

849\u00a0\u00a0\u00a0\u00a0 Merger of associations.<\/p>

850\u00a0\u00a0\u00a0\u00a0 Dissolution of a corporate body formed under this Act.\u00a0<\/p>

PART G \u2014 GENERAL<\/strong><\/a><\/p>

CHAPTER 1 \u2014 ESTABLISHMENT, ETC. OF ADMINISTRATIVE PROCEEDINGS COMMITTEE<\/strong><\/p>

851\u00a0\u00a0\u00a0\u00a0 Establishment, etc. of administrative proceedings committee.<\/p>

852\u00a0\u00a0\u00a0\u00a0 Prohibited and restricted names.<\/p>

853\u00a0\u00a0\u00a0\u00a0 Duty to seek comments of government department or other body.<\/p>

854\u00a0\u00a0\u00a0\u00a0 Permitted characters.<\/p>

855\u00a0\u00a0\u00a0\u00a0 Misleading information, etc.<\/p>

856\u00a0\u00a0\u00a0\u00a0 Misleading indication of activities.<\/p>

857\u00a0\u00a0\u00a0\u00a0 Objection to the registered name of a company, limited liability partnership, limited partnership, business name or incorporated trustees.<\/p>

858\u00a0\u00a0\u00a0\u00a0 Decision of administrative proceedings committee to be made available to the public.<\/p>

CHAPTER 3 \u2014 MISCELLANEOUS AND SUPPLEMENTAL<\/strong><\/p>

859\u00a0\u00a0\u00a0\u00a0 Resubmission of lost or destroyed registered documents.<\/p>

860\u00a0\u00a0\u00a0\u00a0 Electronic documents.<\/p>

861\u00a0\u00a0\u00a0\u00a0 Preservation of documents and inspection.<\/p>

862\u00a0\u00a0\u00a0\u00a0 Penalty for false statements or information.<\/p>

863\u00a0\u00a0\u00a0\u00a0 Penalty for carrying on business without registration.<\/p>

864\u00a0\u00a0\u00a0\u00a0 Retention of records archived in soft copies.<\/p>

865\u00a0\u00a0\u00a0\u00a0 Access to premises, etc.<\/p>

866\u00a0\u00a0\u00a0\u00a0 Power to compound offences.<\/p>

867\u00a0\u00a0\u00a0\u00a0 Regulations.<\/p>

868\u00a0\u00a0\u00a0\u00a0 Interpretation.<\/p>

869 \u00a0\u00a0\u00a0 Repeal and savings.<\/p>

870\u00a0\u00a0\u00a0 Citation.<\/p>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Schedules<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Arrangement of Sections:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 PART A – CORPORATE AFFAIRS COMMISSION 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Establishment of the Corporate Affairs Commission. 2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Establishment of Governing Board of the Commission. 3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tenure of office and vacancy on the Board. 4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Functions of the Board. 5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Remuneration and allowance of members. 6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Proceedings of the Board. 7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Disclosure of interest. 8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Functions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":""},"class_list":["post-53","page","type-page","status-publish","hentry","entry"],"yoast_head":"\nHome - 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