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Companies Act, 1973 (Act No. 61 of 1973)

Chapter XIII: External Companies

Administrative and Other Duties of External Companies

332. Deregistration of external company

 

 

1) If any external company ceases to have a place of business in the Republic, it shall forthwith give notice of that fact to the Registrar.

 

2) If the Registrar has reasonable cause to believe that an external company has ceased to have a place of business in the Republic, he shall send by certified post to the company at its postal address and at the address of its registered office, to the person authorised to accept service on its behalf and to its auditor, letters requiring details of its said place of business, if any.

 

3) If the Registrar does not within one month of sending the letters receive any answer thereto or if he receives an answer to the effect that the company has ceased to have a place of business in the Republic, he may publish in the Gazette and may by registered post send to the company at its postal address and at the address of its registered office, to the person authorised to accept service on its behalf and to its auditor, a notice to the effect that at the expiration of a period of two months from the date of that notice the said company will, unless good cause is shown to the contrary, be deregistered.

 

4) At the expiration of the period of two months mentioned in any notice referred to in subsection (3) or upon receipt from any external company of a notice contemplated in subsection (1), the Registrar may, unless good cause to the contrary has been shown by the company, deregister the company and shall, if he so deregisters the company, give notice to that effect in the Gazette and the date of the publication of such notice in the Gazette shall be deemed to be the date of deregistration: Provided that the liability (if any) of every director, officer and member of the company shall continue and may be enforced as if the company had not been deregistered.