ARCHIVES
VOL. 5, ISSUE 3 (2023)
Delimiting the duties and powers of company administrator under the companies and allied matters act 2020
Authors
Babajide S Shoroye
Abstract
A significant development in the new Companies
Act of Nigeria is the introduction of the provisions on company administration
with the underlying objective of corporate rescue. The statutory provisions are
direct adoptions from the UK and Australia statutes. However, one unique aspect
of the Nigerian Companies Act is its omission to include the provisions
relating to limitations on the duties and powers of an administrator as
contained in the UK and Australia statutes. This paper finds the omission
reasonable and valid though it leaves a gap of not providing expressly for when
and how the duties and powers of an administrator may be clearly defined or
determined. This paper fills the gap and offers legal and corporate
practitioners, including judicial officers a useful guide to understanding the
duties and powers of an administrator under the Nigerian Companies Act 2020.
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Pages:137-143
How to cite this article:
Babajide S Shoroye "Delimiting the duties and powers of company administrator under the companies and allied matters act 2020". International Journal of Law, Policy and Social Review, Vol 5, Issue 3, 2023, Pages 137-143
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