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…

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…

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)…

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…

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…