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Section 443 Companies and Allied Matters Act (CAMA) 2020

Section 443 CAMA 2020

Section 443 Companies and Allied Matters Act is about Appointment of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) A person may be appointed as administrator of a company by—

(a) an administration order of the Court under section 449 of this Act ;

(b) the holder of a floating charge under section 452 of this Act ; or

(c) the company or its directors under section 459 of this Act.

(2) Where an administrator is appointed out of Court, if it is an administration that has a cross-border element, an application shall be made ex parte to the Court for approval.

(3) An extra curia administrator appointed under subsection (1) (b)may, in addition to statutory notice to the Court under section 457, also request, in an accompanying ex parte application to the Court, a formal court order.

See also  Section 299 Companies and Allied Matters Act (CAMA) 2020

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