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Companies Act, 1973 (Act No. 61 of 1973)

Chapter IX: Remedies of Members

Proceedings on Behalf of Companies

268. Security for costs by applicant for appointment of curator ad litem

 

 

The Court may, if it appears that there is reason to believe that the applicant in respect of an application under section 266(2) will be unable to pay the costs of the respondent company if successful in its opposition, require sufficient security to be given for those costs and costs of the provisional curator ad litem before a provisional order is made.