Section 503 CAMA 2020 Section 503 Companies and Allied Matters Act is about Payments likely to achieve purpose of administration. Eleventh Schedule. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator may make a payment other than in accordance with section 497 or paragraph 13 of the Eleventh…

Section 502 CAMA 2020 Section 502 Companies and Allied Matters Act is about Distribution. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The administrator of a company may make a distribution to a creditor of the company. (2) Section 643 applies in relation to a distribution under this…

Section 501 CAMA 2020 Section 501 Companies and Allied Matters Act is about Management power not to be exercised without consent of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A company in administration or an officer of a company in administration shall not exercise a management…

Section 500 CAMA 2020 Section 500 Companies and Allied Matters Act is about Application for direction of Court. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company may apply to the Court for directions in connection with his functions.

Section 499 CAMA 2020 Section 499 Companies and Allied Matters Act is about Power to call meetings of members and creditors. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company may call a meeting of members or creditors of the company.

Section 498 CAMA 2020 Section 498 Companies and Allied Matters Act is about Power to remove or appoint director. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company may remove or appoint a director of the company, whether or not the appointment is to fill…

Section 497 CAMA 2020 Section 497 Companies and Allied Matters Act is about Additional powers of administrator. Eleventh Schedule. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The Administrator of a company shall exercise the additional powers specified in Eleventh Schedule to this Act.

Section 496 CAMA 2020 Section 496 Companies and Allied Matters Act is about General power. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The administrator of a company may do anything necessary or expedient for the management of the affairs, business and property of the company. (2) Any…

Section 495 CAMA 2020 Section 495 Companies and Allied Matters Act is about Correspondence instead of creditors’ meeting. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Anything which is required or permitted by or under this Chapter to be done at a creditors’ meeting may be done by…