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Section 551 Companies and Allied Matters Act (CAMA) 2020

Section 551 CAMA 2020

Section 551 Companies and Allied Matters Act is about Power of the court to appoint official receiver for debenture holders and other creditors. It is under Chapter 19 (Receivers and managers, appointment of receivers and managers) of the Act.

Where an application is made to the Court to appoint a receiver on behalf of the debenture holder or other creditors of a company which is being wound up by a court, an official receiver may be appointed.

See also  Section 169 Companies and Allied Matters Act 2020

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