Section 483 CAMA 2020

Section 483 Companies and Allied Matters Act is about Announcement of administrator’s appointment. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) This section applies where a person becomes the administrator of a company.

(2) The administrator shall not later than 14 days—

(a) send a notice of his appointment to the company ;

(b) publish a notice of his appointment in the prescribed manner ;

(c) obtain a list of the company’s creditors ; and

(d) send a notice of his appointment to each creditor whose claim and address he is aware of.

(3) The administrator shall send a notice of his appointment to the Commission, publicising the notice before the end of 14 working days beginning with the date specified in subsection (5).

(4) The administrator shall send a notice of his appointment to such persons as may be prescribed before the end of the prescribed period beginning with the date specified in subsection (5).

(5) The date, for the purpose of subsections (3) and (4) is, in the case of an administrator appointed—

(a) by administration order, the date of the order ;

(b) under section 452 of this Act, the date on which he receives noticeunder section 453 and 455 of this Act ; and

(c) under section 458 of this Act, the date on which he receives notice under section 463 and 465 of this Act.

(6) The Court may direct that subsection (2) (d) or (4)—

(a) shall not apply ; or

(b) shall apply with the substitution of a different period.

(7) A notice under this section shall—

(a) contain the prescribed information ; and

(8) An administrator commits an offence if he fails, without reasonable excuse, to comply with a requirement of this section.