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

Chapter XIV: Winding-up of Companies

Liquidators

378. Leave of absence or resignation of liquidator

 

 

1) A liquidator shall not be absent from the Republic for a period exceeding 60 days unless-
a) the Master has before his departure from the Republic granted him permission in writing to be absent; and
b) he complies with such conditions as the Master may think fit to impose.

 

2) At the request of a liquidator the Master may relieve him of his office or direct him to resign upon such conditions as the Master may think fit.

 

3) Every liquidator who is permitted to absent himself from the Republic for a period exceeding 60 days or who is relieved of his office by the Master or so resigns therefrom, shall give notice thereof in the Gazette.