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

Section 524Notice to the Commission on cessation of administration

(1)
This section applies where the Court makes an order under this Chapter providing for the appointment of an administrator to cease to have effect.
(2)
The administrator shall send a copy of the order to the Commission within 14 days beginning with the date 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 524

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.