n Without Prejudice - Personal liabilities : company law
|Article Title||Personal liabilities : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 Bowman Gilfillan|
|Publication Date||Oct 2011|
|Pages||26 - 29|
A striking feature of the Companies Act, 2008, is the requirement that the board of directors apply a solvency and liquidity test at prescribed times, such as when the company makes a distribution.
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