Administration under CAMA 2020: sections 443 to 549
Chapter 18 covers administration, a procedure in which an administrator takes control of a company’s affairs, including how administrators are appointed and replaced.
Chapter 18 of Part B has 107 sections. Every section is listed below with its title.
Guides in this chapter
Key rules in this chapter
- The court can make an administration order if the company is, or is likely to become, unable to pay its debts (section 449).
- A holder of a qualifying floating charge can appoint an administrator after notice to a prior chargeholder (sections 452 and 453).
- A company or its directors can appoint one out of court after three working days’ written notice (sections 459 and 463).
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Source: the Companies and Allied Matters Act 2020 as published in the Official Gazette.