COMPANIES AND ALLIED MATTERS ACT, 2020

Section 514: When to make order under section 513 of this Act.

2020Section 514 of 870Federal Republic of Nigeria

(1) An order of the Court under section 513 of this Act—
(a) may be made in respect of an administrator whose term of office has already been extended by order or by consent; and
(b) shall not be made after the expiry of the administrator’s term of office.
(2) Where an order is made under section 513 of this Act, the administrator shall, as soon as is reasonably practicable, notify the Commission
of the order.
(3) An administrator who fails, without reasonable excuse, to comply with subsection (2) commits an offence.

Cite this section

Section 514, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).

https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/514/