n Without Prejudice - The ghosts of companies past : company law

Volume 13, Issue 8
  • ISSN : 1681-178X



It would appear that the legal consequences of dissolving a company after winding it up, are significantly different from what they used to be under the Companies Act (61 of 1973) (the Old Act). The New Companies Act (71 of 2008), has essentially combined the procedures and legal effects of a company's dissolution with those of a deregistration. As a result, in the event of either a dissolution or a deregistration, the directors and shareholders will remain personally liable for the company's debts.

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