Section 458 CAMA 2020

Section 458 Companies and Allied Matters Act is about Invalid appointment and indemnity. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) This section applies where—

(a) a person purports to appoint an administrator under section 452 of this Act ; and

(b) the appointment is discovered to be invalid.

(2) The Court may order the person who purported to make the appointment to indemnify the person appointed against liability which arises solely by reason of the invalidity of the appointment.