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Section 457 Companies and Allied Matters Act (CAMA) 2020

Section 457 CAMA 2020

Section 457 Companies and Allied Matters Act is about Notification of appointment. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) A person who appoints an administrator under section 450 of this Act shall notify the administrator and such other persons as may be prescribed as soon as is reasonably practicable after the requirements of section 447 of this Act are satisfied.

(2) A person who fails, without reasonable excuse, to comply with subsection (1), commits an offence.

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See also Section 215 Companies and Allied Matters Act (CAMA) 2020

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