MANAGEMENT AND COMPANY'S LIQUIDATION IN NIGERIA: A COMPARATIVE ANALYSIS OF WINDING UP OF COMPANIES IN SOUTH AFRICA AND GHANA

Abstract

A company comes into existence by a legal process and when it desires to end its existence, it must again gothrough the legal process of winding up of its affairs. Keeping in mind the forgoing contention, there areestablished laws in Nigeria on the various mode of the winding up. However, insolvency is one of the grounds ofwinding up of a company. In this work we shall attempt to consider the various mode of winding up of a companyunder the Companies and Allied Matter Act 2020. The provision relating to both compulsory and voluntarywinding up shall also be examined. The work will critically study the laws and the procedures for winding up witha view of comparing with other jurisdictions. The work will further delve into making a comparative analysis ofthe procedures, processes and provisions under companies and allied Matter Act 2020. It will also attempt topoint out the difference in the procedure of winding up of a company in Nigeria, if any with other jurisdictions.The work will conclude by making appropriate recommendations where necessary.