Section 545 CAMA 2020 Section 545 Companies and Allied Matters Act is about Extension of time limit. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Where a provision of this Part provides that a period may be varied in accordance with this section, the period may be varied…

Section 544 CAMA 2020 Section 544 Companies and Allied Matters Act is about Penalties. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Unless otherwise provided, a person who commits an offence under this Chapter is liable on conviction to a fine of at least N200,000. (2) A person…

Section 543 CAMA 2020 Section 543 Companies and Allied Matters Act is about Majority decision of directors. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. A reference in this Chapter to something done by the directors ofa company includes a reference to the same thing done by a majority…

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.

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…

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…

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…

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…

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…

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,…