oa De Rebus - Are business rescue practitioners adequately regulated? : feature



Tremendous strides have been made towards the regulation of business rescue practitioners. The Companies and Intellectual Property Commission (CIPC) currently issues conditional licences to business rescue practitioners and the experience of the applicant as well as the size of the company are factors taken into account. The CIPC's authority is conferred on it by the Companies Act 71 of 2008 (the Act) and the Companies Regulations, 2011. The present system is merely the foundation and requires perfecting if business rescue practitioners are to be adequately regulated. The need for better regulation stems from the complex task that a business rescue practitioner undertakes.


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