Files
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a69-020.pdf | 324.38 KB |
69 of 2002
The Insolvency Second Amendment Act 69 of 2002 intends:
- to amend the Insolvency Act, 1936, so as:
- to require notice of a petition for the sequestration of a debtor's estate to be given to employees of the debtor, registered trade unions representing such employees, the South African Revenue Service and the debtor;
- to provide for the service of sequestration orders on such employees, trade unions and the South African Revenue Service;
- to make further provision regarding a debtor's rights to compensation; and
- so as to effect certain textual corrections;
- to amend the Companies Act, 1973 [repealed in May 2011], so as:
- to require notice of an application for the winding-up of a company to be given to employees of the company, registered trade unions representing such employees, the South African Revenue Service and the company;
- to provide for the service of winding-up orders on such employees, trade unions, the South African Revenue Service and the company;
- to make provision regarding a company's rights to compensation; and
- to provide for matters incidental thereto.
Commencement
1 January 2003