The Companies Act No. 17 of 2015▤
Court order sanctioning compromise or arrangement
(1) If a majority in number representing seventy–five percent in value of—(a) the creditors or class of creditors; or (b) the memb…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
Duty of directors and trustees to provide information
(1) Each director of the company, and each trustee for its debenture holders,shall give notice to the company of such matters rela…
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The Companies Act No. 17 of 2015▤
Explanatory statement setting out effect of arrangement or compromise to be circulated or made available to company's creditors and members of company
(1) When the Court has ordered a meeting to be convened under section 923,the company concerned shall ensure that— (a) each notice…
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The Companies Act No. 17 of 2015▤
Court may order meeting of company’s creditors or members to be held
(1) The Court may, on an application under subsection (2), order a meeting of—(a) the creditors or class of creditors; or (b) the…
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The Companies Act No. 17 of 2015▤
Part XXXIV: Application and interpretation
(1) This Part applies when a compromise or arrangement is proposed—(a) between a company and its creditors, or any class of its cr…
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The Companies Act No. 17 of 2015▤
Effect of restoration to the Register if property has vested in the State under section 919
(1) The person in whom property is vested by section 905 may dispose of that property, even though the company has been or may be…
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The Companies Act No. 17 of 2015▤
Company’s name on being restored to the Register
(1) Except as provided by subsection (2), a company is restored to the Register with the name it had before it was dissolved or st…
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The Companies Act No. 17 of 2015▤
Effect of Court order for restoration to the Register: power of Court tomake consequential directions
(1) The effect of an order by the Court for the restoration of the company to the Register is that the company is taken to have co…
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The Companies Act No. 17 of 2015▤
Decision on application for restoration by the Court
(1) On the hearing of an application made under section 927, the Court may order the company to be restored to the Register— (a) i…
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The Companies Act No. 17 of 2015▤
When application to the Court may be made
(1) An application to the Court for restoration of a company to the Register maybe made at any time for the purpose of bringing pr…
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The Companies Act No. 17 of 2015▤
Application to Court for restoration to the Register
(1) An application may be made to the Court to restore to the Register a company— (a) that has been dissolved after being liquidat…
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The Companies Act No. 17 of 2015▤
Effect of administrative restoration
(1) The effect of the restoration of a company to the Register is that the company is taken to have continued in existence as if i…
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The Companies Act No. 17 of 2015▤
Registrar’s decision on application for administrative restoration
(1) As soon as practicable after receiving an application for the administrative restoration of a company to the Register, the Reg…
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The Companies Act No. 17 of 2015▤
Requirements for administrative restoration
(1) On an application made under section 912, the Registrar shall restore the company to the Register if (but only if) the three c…
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The Companies Act No. 17 of 2015▤
Application for administrative restoration to the Register
(1) An application may be made to the Registrar to restore to the Register acompany that has been struck off the Register under se…
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The Companies Act No. 17 of 2015▤
Protection of persons holding under a lease
(1) The Court may not make an order under section 911 vesting an interest under a lease in a person claiming under the company as…
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The Companies Act No. 17 of 2015▤
Power of Court to make vesting order
(1) On an application made by a person who—(a) claims an interest in the disclaimed property; or (b) is under a liability in respe…
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The Companies Act No. 17 of 2015▤
Disclaimer of leaseholds
(1) The disclaimer of any property of a leasehold character does not take effect unless a copy of the disclaimer has been served,…
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The Companies Act No. 17 of 2015▤
General effect of disclaimer
The State's disclaimer operates— (a) so as to terminate, as from the date of the disclaimer, the rights, interests and liabilities…
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The Companies Act No. 17 of 2015▤
Effect of State disclaimer
(1) Property in respect of which a notice of disclaimer has been executed undersection 906 is taken never to have vested in the St…
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The Companies Act No. 17 of 2015▤
Disclaimer of property vesting in the State
(1) The Attorney General may, by notice of disclaimer, disclaim the State’s ownership of property that has vested in the State und…
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The Companies Act No. 17 of 2015▤
Property of dissolved company to vest in the State
(1) Property that, immediately before the dissolution of a company had not been distributed or disclaimed, vests in the State with…
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The Companies Act No. 17 of 2015▤
When withdrawal of application takes effect
An application under section 897 is withdrawn when a notice of withdrawal is lodged with the Registrar.
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The Companies Act No. 17 of 2015▤
Circumstances in which application taken to be withdrawn
(1) In this section— “company" means a company that has made an application under section 897; “relevant event”, in relation to a…
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