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).
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