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Section 542 CAMA 2020 Section 542 Companies and Allied Matters Act is about Presumption of validity. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. An act of the administrator of a company is valid in spite of a defect in his appointment or qualification.
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Section 541 CAMA 2020 Section 541 Companies and Allied Matters Act is about Joint and concurrent administrators acting with administrator of company. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Where a company is in administration, a person may be appointed to act as administrator jointly or concurrently…
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Section 540 CAMA 2020 Section 540 Companies and Allied Matters Act is about Concurrent administrators. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where two or more persons are appointed to act concurrently as the administrator of a company. (2) A reference to the administrator…
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Section 539 CAMA 2020 Section 539 Companies and Allied Matters Act is about Joint administrators. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where two or more persons are appointed to act jointly as the administrator of a company. (2) A reference to the administrator…
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Section 538 CAMA 2020 Section 538 Companies and Allied Matters Act is about Joint and concurrent administrators. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) In this Chapter a reference to the appointment of— (a) an administrator of a company includes a reference to the appointment of a…
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Section 537 CAMA 2020 Section 537 Companies and Allied Matters Act is about Charges and liabilities on vacation of office. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where a person ceases to be the administrator of a company, whether by reason of resignation, removal…
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Section 536 CAMA 2020 Section 536 Companies and Allied Matters Act is about Discharge from liability on vacation of office. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Where a person ceases to be the administrator of a company because— (a) he vacates office by reason of resignation,…
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Section 535 CAMA 2020 Section 535 Companies and Allied Matters Act is about Substitution of administrator appointed by company or directors by creditors’ meeting. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where— (a) an administrator of a company is appointed by a company or…
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Section 534 CAMA 2020 Section 534 Companies and Allied Matters Act is about Substitution of administrator by a competing floating charge-holder. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where an administrator of a company is appointed under section 452 of this Act by the…
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Section 533 CAMA 2020 Section 533 Companies and Allied Matters Act is about Replacement of administrator appointed by administration order. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The Court may replace an administrator on the application of a person listed in section 529 (1) of this Act if…