Under the Companies Act 61 of 1973, Sections 417 and 418 serve as powerful tools for liquidators to investigate the affairs, property, and conduct of an insolvent company. However, a critical jurisdictional question often arises: Can these enquiries be convened if the
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In the realm of corporate insolvency, few provisions carry as much weight—or have sparked as much constitutional debate—as Section 417 (read with Section 418) of the Companies Act 61 of 1973. While these sections grant liquidators formidable powers to investigate a company’s
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Under the Companies Act 61 of 1973, liquidators are tasked with a challenging mandate: to uncover assets, settle liabilities, and investigate the reasons behind a company’s collapse. Sections 417 and 418 provide the primary legislative machinery to achieve this, allowing for formal
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