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

Section 533 Replacement of administrator appointed by administration order

The Court may replace an administrator on the application of a person listed in section 529 (1) of this Act if the Court is satisfied that—
(a)
a person who is entitled to replace the administrator under sections 525-527 of this Act is not taking reasonable steps to make a replacement ; or
(b)
for any other reason which, in the opinion of the Court, it is proper to make the replacement.
Cite as: Companies and Allied Matters Act 2020, section 533

What this section means

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

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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.