Should a business decide to pursue a delinquency application, it should start by gathering comprehensive evidence, removing the director from the board and seeking legal advice
The Companies Second Amendment Act 17 of 2024 became effective on 27 December 2024, amending the provisions relating to director and officer liability and delinquency.
These amendments follow recommendations made by the Zondo state capture commission and aim to address some of the actions needed for South Africa…
