Day: 12 October 2024


  • Section 449 CAMA 2020 Section 449 Companies and Allied Matters Act is about Conditions for making order. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. A Court may make an administration order in relation to a company,where it is satisfied that the— (a) company is or is likely to…

  • Section 448 CAMA 2020 Section 448 Companies and Allied Matters Act is about Administration order. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. An administration order is an order appointing a person as the administrator of a company.

  • Section 447 CAMA 2020 Section 447 Companies and Allied Matters Act is about General restrictions on appointment of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A person may be appointed as administrator of a company only if he is qualified to act as an insolvency practitioner…

  • Section 446 CAMA 2020 Section 446 Companies and Allied Matters Act is about Status of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. An Administrator is an officer of the Court, whether or not he is appointed by the Court

  • Section 445 CAMA 2020 Section 445 Companies and Allied Matters Act is about Standard performance of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company shall perform his functions as quickly and efficiently as is reasonably practicable.

  • Section 444 CAMA 2020 Section 444 Companies and Allied Matters Act is about Purpose of administration. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The administrator of a company may do all such things as may be necessary for the management of the affairs, business and property of…

  • Section 443 CAMA 2020 Section 443 Companies and Allied Matters Act is about Appointment of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A person may be appointed as administrator of a company by— (a) an administration order of the Court under section 449 of this Act…

  • Section 442 CAMA 2020 Section 442 Companies and Allied Matters Act is about Implementation of proposal. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) This section applies where a voluntary arrangement approved by the meetings summoned under section 436 has taken effect. (2) The person who performs, in relation to the…

  • Section 441 CAMA 2020 Section 441 Companies and Allied Matters Act is about A false representation,etc. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) If, for the purpose of obtaining the approval of the members or creditors of a company to a proposal for a voluntary arrangement, a person who is…

  • Section 440 CAMA 2020 Section 440 Companies and Allied Matters Act is about Challenge of decisions. It is under Chapter 17 (Company voluntary arrangements) of the Act. (1) Subject to this section, an application to the Court may be made, by any of the persons specified in subsection (2), on the ground that— (a) a…