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…

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…

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…

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…

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…

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…

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…