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.