Section 514 CAMA 2020
Section 514 Companies and Allied Matters Act is about When to make order under section 513 of this Act. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.
(1) An order of the Court under section 513 of this Act—
(a) may be made in respect of an administrator whose term of office has already been extended by order or by consent ; and
(b) shall not be made after the expiry of the administrator’s term of office.
(2) Where an order is made under section 513 of this Act, the administrator shall, as soon as is reasonably practicable, notify the Commission of the order.
(3) An administrator who fails, without reasonable excuse, to comply with subsection (2) commits an offence.
