Basic Conditions of Employment Act, 1997
R 385
Companies Act, 1973 (Act No. 61 of 1973)Chapter II: Administration of ActCourt, Jurisdiction, Powers and Procedure13. Security for costs in legal proceedings by companies and bodies corporate |
Where a company or other body corporate is plaintiff or applicant in any legal proceedings. the Court may at any stage, if it appears by credible testimony that there is reason to believe that the company or body corporate or, if it is being wound up the liquidator thereof, will be unable to pay the costs of the defendant or respondent if successful in his defence, require sufficient security to be given for those costs and may stay all proceedings till the security is given.
