Implementation of Geneva Conventions Act, 2012
R 385
Companies Act, 1973 (Act No. 61 of 1973)Chapter XV: Judicial Management434A. Remuneration of provisional judicial manager or judicial manager |
| 1) | The provisional judicial manager or the judicial manager shall be entitled to such remuneration for his services as may be fixed by the Master from time to time. |
| 2) | In fixing the remuneration the Master shall take into account the manner in which the provisional judicial manager or the judicial manager has performed his functions and any recommendation by the members or creditors of the company relating to such remuneration. |
| 3) | The provisions of sections 151 and 151bis of the Insolvency Act, 1936 (Act No. 24 of 1936), shall apply with reference to any fixing of remuneration by the Master under this section. |
