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Companies and Allied Matters Act 2020 · Part B · Chapter 18

Section 514When to make order under section 513

(1)
An order of the Court under section 513 of this Act—
(a)
may be made in respect of an administrator whose term of office has already been extended by order or by consent ; and
(b)
shall not be made after the expiry of the administrator’s term of office.
(2)
Where an order is made under section 513 of this Act, the administrator shall, as soon as is reasonably practicable, notify the Commission of the order.
(3)
An administrator who fails, without reasonable excuse, to comply with subsection (2) commits an offence.
Cite as: Companies and Allied Matters Act 2020, section 514

What this section means

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Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.