Gas Regulator Levies Act, 2002
R 385
Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 2 : Formation, Administration and Dissolution of CompaniesPart A : Reservation and Registration of Company Names12. Abuse of name reservation system |
See section 12 (6)
| (1) | A notice contemplated in section 12 (6) must be issued by the Commission in Form CoR 12.1, and must— |
| (a) | specify clearly the purpose of the notice in terms of the items listed in section 12 (6)(a) to (d); and |
| (b) | set out the grounds upon which the Commission has formed the requisite belief that the notice is justified. |
| (2) | If a person who has received a notice in Form CoR 12.1 to show cause why a name should be reserved, continue to be reserved or why a reservation should be transferred, as contemplated in section 12 (6)(a)— |
| (a) | fails to respond to that notice within 40 business days after receiving it, the Commission must issue either— |
| (i) | a notice in Form CoR 9.5, rejecting the application to reserve the name, or |
| (ii) | a further notice in Form CoR 12.1, cancelling the reservation, or refusing to extend or transfer the reservation, as the case may be. |
| (b) | provides information to the Commission within 40 business days after receiving Form CoR 12.1, the Commission, after considering that information, must issue either— |
| (i) | a notice in Form CoR 9.4 accepting the reservation, extension or transfer as the case may be; or |
| (ii) | a further notice in Form CoR 12.1, cancelling the reservation, or refusing to extend or transfer the reservation, as the case may be. |
