Section 549 Companies and Allied Matters Act (CAMA) 2020

Section 549 CAMA 2020 Section 549 Companies and Allied Matters Act is about Interpretation of this Chapter. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) In this Chapter—“administrator” of a company means a person appointed under any of the means under this Chapter to manage the company’s affairs, […]

Section 548 Companies and Allied Matters Act (CAMA) 2020

Section 548 CAMA 2020 Section 548 Companies and Allied Matters Act is about Amendment of provision about time. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The Chief Judge of the Federal High Court may by order amend a provision of this Chapter which— (a) requires anything to […]

Section 547 Companies and Allied Matters Act (CAMA) 2020

Section 547 CAMA 2020 Section 547 Companies and Allied Matters Act is about Period extended under sections 545 or 546. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. Where a period is extended under section 545 or 546, a reference to the period shall be taken as a reference […]

Section 546 Companies and Allied Matters Act (CAMA) 2020

Section 546 CAMA 2020 Section 546 Companies and Allied Matters Act is about Variation of time. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A period specified in sections 483(5), 487 (1)(b), or 488 (2) of this Act may be varied in respect of a company by the […]

Section 545 Companies and Allied Matters Act (CAMA) 2020

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 Companies and Allied Matters Act (CAMA) 2020

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 Companies and Allied Matters Act (CAMA) 2020

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 Companies and Allied Matters Act (CAMA) 2020

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 Companies and Allied Matters Act (CAMA) 2020

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 Companies and Allied Matters Act (CAMA) 2020

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 […]