Sign inSign upSign in
Menu

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

Section 523Discharge of administration order on cessation of administration

(1)
This section applies where—
(a)
the Court makes an order under this Chapter providing for the appointment of an administrator of a company to cease to have effect ; and
(b)
the administrator was appointed by administration order.
(2)
The Court shall discharge the administration order.
Cite as: Companies and Allied Matters Act 2020, section 523

What this section means

From the guide: What is administration of a company under CAMA 2020?

Administration puts an administrator in charge of a struggling company. Here is how it starts, what it freezes, and the deadlines under sections 443 to 549.

Read the whole subject

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.