Tag: Companies Act


surety 1
Should you sign surety? Think carefully!

The concept of surety can be daunting and misunderstood. This often results in serious consequences if a party is ill-informed. Therefore, a person signing as surety needs to understand what he/she will be committing to and what he/she will be liable for should the…
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liquidators
Extension of powers of liquidators

In Massyn v De Villiers NO and Others [2021] 3 All SA 578 (WCC), establishing an inquiry by liquidators into the affairs of a company in terms of s 417 of the Companies Act, is if deemed fit, acceptable and necessary for winding-up the affairs of the company and distributing…
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