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Section 174: Remuneration of provisional administrator or administrator

Insolvency Act · 108

Point-in-time consolidation · as at 31 December 2023. This non-pilot lookup is excluded from search indexes pending a deterministic currency check. Verify against the latest Uganda Gazette before relying on it.

Consolidated text

(1) A provisional administrator or administrator is entitled to- (a) the remuneration agreed upon; or (b) remuneration fixed by the court on application for taxation and assessment of costs and fees of the administrator or provisional administrator, where no remuneration is agreed upon. (2) During or after a provisional administration or administration, on the application of a provisional administrator or administrator, a creditor of the company or a liquidator or provisional liquidator of the company, court may- (a) in respect of any period, review or fix the remuneration of the provisional administrator or administrator, at a level which is reasonable; (b) where the amount retained by the provisional administrator or administrator is found by the court to be unreasonable in the circumstance, order the provisional administrator or administrator to refund the amount; or (c) determine whether the provisional administrator or administrator, was validly appointed or validly assumed custody or control of any property.

Source: laws_africa.