Section 496 CAMA 2020
Section 496 Companies and Allied Matters Act is about General power. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.
(1) The administrator of a company may do anything necessary or expedient for the management of the affairs, business and property of the company.
(2) Any provision of this Chapter which expressly permits the administrator to do a specified thing is without prejudice to subsection (1).
(3) A person who deals with the administrator of a company in good faith and for value need not inquire whether the administrator is acting within his powers.
