Section 512 CAMA 2020 Section 512 Companies and Allied Matters Act is about Misfeasance. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) The Court may examine the conduct of a person who— (a) is, or purports to be, the administrator of a company ; or (b) has been,…

Section 511 CAMA 2020 Section 511 Companies and Allied Matters Act is about Challenge to administrator’s conduct of company. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) A creditor or member of a company in administration may apply to the Court claiming that the administrator— (a) is acting…

Section 510 CAMA 2020 Section 510 Companies and Allied Matters Act is about Protection for secured or preferential creditor. It is under Chapter 18 (Administration of companies: nature of administration) of the Act. (1) An administrator’s statement of proposals under section 486 of this Act does not include any action which— (a) affects the right…

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 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 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 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 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 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 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…