Section 531 CAMA 2020
Section 531 Companies and Allied Matters Act is about Replacement of administrator appointed by company. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.
(1) An administrator appointed under section 459 (1) of this Act,may be replaced by the company.
(2) A replacement under this section may be made only—
(a) with the consent of each person who is the holder of a floating charge in respect of the company’s property ; or
(b) where consent is withheld, with the permission of the Court.
