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Companies Act, 2008 (Act No. 71 of 2008)

Chapter 7 : Remedies and Enforcement

Part D : Complaints to Commission or Panel

173. Consent orders

 

 

1) If a matter has been investigated in terms of this Part, and the Commission and the respondent have agreed a resolution of the complaint, the Commission may—
a) record the resolution in the form of an order; and
b) if the person who is the subject of the complaint consents to that order, apply to the High Court to have it confirmed as a consent order, in terms of its rules.

 

2) Section 167(2) to (4), read with the changes required by the context, applies to an application contemplated in subsection (1).