Section 503 Companies and Allied Matters Act is about Payments likely to achieve purpose of administration. Eleventh Schedule. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.
The administrator may make a payment other than in accordance with section 497 or paragraph 13 of the Eleventh Schedule to this Act if he thinks it likely to assist achievement of the purpose of administration.
Section 572 CAMA 2020 Section 572 Companies and Allied Matters Act is about Definition of inability to pay debts. It is under Chapter 21 (Winding-up by the court jurisdiction)
Section 571 CAMA 2020 Section 571 Companies and Allied Matters Act is about Circumstances in which companies may be wound up by Court. It is under Chapter 21 (Winding-up
Section 570 CAMA 2020 Section 570 Companies and Allied Matters Act is about Jurisdiction as to Winding-up. It is under Chapter 21 (Winding-up by the court jurisdiction) of the
Section 569 CAMA 2020 Section 569 Companies and Allied Matters Act is about Contributories in case of bankruptcy of member. It is under Chapter 20 (Winding-up of companies modes
