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Section 459 CAMA 2020 Section 459 Companies and Allied Matters Act is about Power to appoint by company or directors. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A company may appoint an administrator out of Court. (2) The directors of a company may also appoint an administrator…
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Section 458 CAMA 2020 Section 458 Companies and Allied Matters Act is about Invalid appointment and indemnity. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) This section applies where— (a) a person purports to appoint an administrator under section 452 of this Act ; and (b) the appointment…
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Section 457 CAMA 2020 Section 457 Companies and Allied Matters Act is about Notification of appointment. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A person who appoints an administrator under section 450 of this Act shall notify the administrator and such other persons as may be prescribed…
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Section 456 CAMA 2020 Section 456 Companies and Allied Matters Act is about Commencement of appointment of administrator under section 450. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The appointment of an administrator under section 450 of this Act takes effect when the requirements of section 447 of…
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Section 455 CAMA 2020 Section 455 Companies and Allied Matters Act is about Notice of appointment. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A person who appoints an administrator of a company undersection 452 of this Act shall file with the Commission— (a) a notice of appointment…
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Section 454 CAMA 2020 Section 454 Companies and Allied Matters Act is about When not to appoint administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. An administrator shall not be appointed under section 452 of this Act if — (a) a floating charge on which the appointment relies…
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Section 453 CAMA 2020 Section 453 Companies and Allied Matters Act is about Restrictions on power to appoint. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A person shall not appoint an administrator under section 452 of this Act unless— (a) he has given at least two working…
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Section 452 CAMA 2020 Section 452 Companies and Allied Matters Act is about Power to appoint by holder of floating charge. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Subject to section 450 of this Act, the holder of a floating charge in respect of a company’s property…
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Section 451 CAMA 2020 Section 451 Companies and Allied Matters Act is about Powers of Court in administration application. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) On hearing an administration application, the Court may— (a) make the administration order sought ; (b) dismiss the application ; (c)…
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Section 450 CAMA 2020 Section 450 Companies and Allied Matters Act is about Application to Court for administration order. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) An application to the Court for an administration order in respect of a company (in this Act referred to as an…