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Section 454 Companies and Allied Matters Act (CAMA) 2020

Section 454 CAMA 2020

Section 454 Companies and Allied Matters Act is about When not to appoint administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

An administrator shall not be appointed under section 452 of this Act if —

(a) a floating charge on which the appointment relies is not enforceable,a holder of the unenforceable charge may apply or join as a mere creditor in an administration application under section 450 of this Act ;

(b) a provisional liquidator of the company has been appointed under section 585 of this Act ; or

(c) prior to the commencement of this Act and the coming into effect of this Chapter, a receiver or manager of the company is in office.

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See also  Section 155 Companies and Allied Matters Act 2020

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