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Section 449 Companies and Allied Matters Act (CAMA) 2020

Section 449 CAMA 2020

Section 449 Companies and Allied Matters Act is about Conditions for making order. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

A Court may make an administration order in relation to a company,where it is satisfied that the—

(a) company is or is likely to become unable to pay its debts ; and

(b) administration order is likely to achieve the purpose of administration.

See also  Section 545 Companies and Allied Matters Act (CAMA) 2020

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