Comparison View

Formal Consolidation |  2020 RevEd
Limitation on right to wind up voluntarily
184.  Where an application has been made to the Court to wind up a company on the ground that it is unable to pay its debts, the company must not, without the leave of the Court, resolve that it be wound up voluntarily.
Informal Consolidation | Amended Act 25 of 2021
Limitation on right to wind up voluntarily
184.  Where an application has been made to the Court to wind up a company on the ground that it is unable to pay its debts, the company must not, without the permission of the Court, resolve that it be wound up voluntarily.
[Act 25 of 2021 wef 01/04/2022]