Section 494 Companies and Allied Matters Act (CAMA) 2020

Section 494 CAMA 2020

Section 494 Companies and Allied Matters Act is about Creditors’ Committee. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) A creditors’ meeting may establish a Creditors’ Committee.

(2) A Creditors’ Committee shall perform functions conferred on it under this Act.

(3) A Creditors’ Committee may require the administrator to—

(a) attend on the Committee at any reasonable time of which he is given at least seven days’ notice ; and

(b) provide the Committee with information about the exercise of his functions.

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Section 494 Companies and Allied Matters Act (CAMA) 2020

Section 494 CAMA 2020

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