COMPANIES AND ALLIED MATTERS ACT, 2020
Section 464: Filing of notice of intention to appoint.
(1) A person who gives notice of intention to appoint under section 458 shall file with the Commission as soon as is reasonably
practicable a copy of—
(a) the notice; and
(b) any document accompanying it.
(2) The copy filed under subsection (1) shall be accompanied by a statutory declaration made by or on behalf of the person who proposes to make the appointment—
(a) that the company is or is likely to become unable to pay its debts;
(b) that the company is not in liquidation;
(c) that so far as the person making the statement is able to ascertain, the appointment is not prevented by sections 453 and 454 of this Act; and
(d) to such additional effect, and giving such information, as may be prescribed.
(3) A statutory declaration under subsection (2) shall be—
(a) in the prescribed form; and
(b) made during the prescribed period.
(4) A person commits an offence if, in a statutory declaration under subsection (2), he makes a statement which—
(a) is false; and
(b) he does not reasonably believe to be true.
Cite this section
Section 464, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).
https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/464/