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Section 503 Companies and Allied Matters Act (CAMA) 2020

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 Schedule to this Act if he thinks it likely to assist achievement of the purpose of administration.

See also  Section 667 Companies and Allied Matters Act (CAMA) 2020

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