Appointment Of Receiver, Receiver Manager, Administrator, Or Supervisor
NGN 25,000.0
10 days
Corporate Amendment
Description
Information about the compliance service
Receivership is a remedy available to secured creditors to recover amounts outstanding under a secured loan in the event a company defaults on its loan payments. A Receiver can be appointed either by an express agreement between the parties or an appointment by the Court.
An administrator is described as an officer of the court, whether or not he is appointed by the court. Administrators can be appointed by; an order of court upon an application, by a holder of a floating charge, by a company or its directors. An administrator can do anything necessary for the management of the affairs, business and property of the company under administration.
An administrator is described as an officer of the court, whether or not he is appointed by the court. Administrators can be appointed by; an order of court upon an application, by a holder of a floating charge, by a company or its directors. An administrator can do anything necessary for the management of the affairs, business and property of the company under administration.
Requirements
Info and documents needed for this service
- Court order (where applicable).
- Means of identification of the receiver.
- Publication (where applicable).
- Company details.
- Registration number.
- Details of the person who appointed or obtained an order to appoint an administrator, receiver, manager or supervisor.
- Name and address of the administrator, receiver, receiver manager, supervisor for company voluntary arrangement or liquidator.
- Date of appointment.
- Appointment Type: Nature of appointment, whether it is an administrator, receiver, receiver manager, supervisor for company voluntary arrangement or liquidator.
- Details of Appointment.
Process
Steps involved in this compliance service
- Submit resolution.
- Submit court order (if applicable).
- Fill the form.
- Pay fees.
FAQs
Frequently asked questions about this service
- What is the purpose of appointment of a receiver?
The object behind appointment of a receiver is to protect, preserve, and manage a company's assets and property in the event the company defaults.The receiver's role is to safeguard the interests of creditors and other stakeholders. - Who can be appointed as a receiver?
All persons except the following can be appointed as a receiver: an undischarged bankrupt, unless he is given leave to act as a receiver.