oa De Rebus - When are applications in terms of s 266 of the Companies Act frivolous and vexatious?
|Article Title||When are applications in terms of s 266 of the Companies Act frivolous and vexatious?|
|© Publisher:||Law Society of South Africa|
|Author||J.L. Van Dorsten|
|Publication Date||Jan 1985|
|Pages||28 - 29|
|Keyword(s)||Annual financial statements, Articles of association, Minority shareholders, Provisional curator ad litem and Vexatious applications|
When the Van Wyk De Vries commission recommended that a new remedy be provided to make it practically possible for a company to have recourse against delinquent directors who have occasioned a company loss, it faced the problem of ""adequate deterrents to inhibit frivolous and vexatious proceedings.
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