n Without Prejudice - Reprieve for creditors : company law
|Article Title||Reprieve for creditors : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Aug 2013|
|Pages||38 - 40|
Creditors of companies and close corporations that have been deregistered by the Companies & Intellectual Property Commission (CIPC), as a result of a failure to file the requisite annual returns and pay the prescribed fees, may finally breathe a sigh of relief. That follows the judgement of the full bench of the Western Cape High Court, Cape Town in Absa Bank Limited v The Companies & Intellectual Property Commission of SA & Others A29/13 WCHC (Absa).
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