Petroleum Pipelines Levies Act, 2004
R 385
Companies Act, 1973 (Act No. 61 of 1973)Chapter XIV: Winding-up of CompaniesProvisions as to Meetings in Winding-up412. Meetings of creditors and members and voting at meetings of creditors |
1) | In any winding-up of a company, meetings of creditors and members or contributories shall, save as otherwise provided in this Act, be convened and held in the following manner: |
a) | in the case of meetings of creditors, as nearly as may be in the manner prescribed for the holding of meetings of creditors under the law relating to insolvency; and |
b) | in the case of meetings of members or contributories, in the manner prescribed by regulation. |
2) | The provisions of section 52 of the Insolvency Act, 1936 (Act No. 24 of 1936), shall mutatis mutandis apply to the right of any creditor to vote at a meeting of creditors in a winding-up of a company. |