Section 509 Companies and Allied Matters Act (CAMA) 2020

Section 509 CAMA 2020 Section 509 Companies and Allied Matters Act is about Hire-purchase property. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The Court may by order enable the administrator of a company to dispose of goods which are in the possession of the company under a […]

Section 508 Companies and Allied Matters Act (CAMA) 2020

Section 508 CAMA 2020 Section 508 Companies and Allied Matters Act is about Charged property :non-floating charge. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The Court may by order enable the administrator of a company to dispose of property which is subject to a security other than […]

Section 507 Companies and Allied Matters Act (CAMA) 2020

Section 507 CAMA 2020 Section 507 Companies and Allied Matters Act is about Charged property: floating charge. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The administrator of a company may dispose of or take action relating to property which is subject to a floating charge as if […]

Section 506 Companies and Allied Matters Act (CAMA) 2020

Section 506 CAMA 2020 Section 506 Companies and Allied Matters Act is about Administrator as agent of company. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. In performing his functions under this Part, the administrator of a company acts as its agent.

Section 505 Companies and Allied Matters Act (CAMA) 2020

Section 505 CAMA 2020 Section 505 Companies and Allied Matters Act is about Management of affairs of company. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) Subject to subsection (2), the administrator of a companyshall manage its affairs, business and property in accordance with any— (a) proposal approved […]

Section 504 Companies and Allied Matters Act (CAMA) 2020

Section 504 CAMA 2020 Section 504 Companies and Allied Matters Act is about Custody and control of property. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company shall, on his appointment take custody or control of all the property to which he thinks the company […]

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 […]

Section 502 Companies and Allied Matters Act (CAMA) 2020

Section 502 CAMA 2020 Section 502 Companies and Allied Matters Act is about Distribution. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The administrator of a company may make a distribution to a creditor of the company. (2) Section 643 applies in relation to a distribution under this […]

Section 501 Companies and Allied Matters Act (CAMA) 2020

Section 501 CAMA 2020 Section 501 Companies and Allied Matters Act is about Management power not to be exercised without consent of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A company in administration or an officer of a company in administration shall not exercise a management […]

Section 500 Companies and Allied Matters Act (CAMA) 2020

Section 500 CAMA 2020 Section 500 Companies and Allied Matters Act is about Application for direction of Court. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. The administrator of a company may apply to the Court for directions in connection with his functions.