n Without Prejudice - Just and equitable grounds for winding-up : company law
|Article Title||Just and equitable grounds for winding-up : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Michael Katz and Lara Rocchi|
|Publication Date||May 2014|
|Pages||10 - 11|
A solvent company may be wound up on just and equitable grounds in terms of s81(1)(d)(iii) of the Companies Act (71 of 2008). The court, in the matter of Knipe and Others v Kameelhoek (Pty) Ltd and Another 2014 (1) SA 52 (FB), considered a winding-up on this ground, in circumstances where the court was asked to grant a final liquidation order in respect of Kameelhoek Proprietary Limited and Schaapplaats 978 Proprietary Limited.
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