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Deregistration

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Deregistered corporation comes back to life retrospectively on reinstatement

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on March 28, 2017

A corporation which is deregistered under the Companies Act 2008 is automatically and retrospectively re-vested with its rights when it is reinstated (under section 82(4)).

In ZNK Investments CC v Luckytso Transport and Construction CC, a sale in execution of a deregistered close corporation had taken place whilst it was deregistered. It was held…

Posted in General

Re-registration of a company restores existing MPRDA rights

Photo of Denushka Naidoo
By Denushka Naidoo on June 20, 2016

The Supreme Court of Appeal settled the debate surrounding the interpretation and relationship between s56(c) of the Mineral and Petroleum Resources Development Act 2002 and s73(6A) of the Companies Act 1973 by declaring that a right which has lapsed due to the deregistration of the company which is the holder of the right is revived…

Posted in General

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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