Estates: When is a company or a close corporation liquidated?

Jul 21, 2022 | Uncategorised

21 July 2022 – The liquidation or the “winding-up” of a company takes place:

When a company is unable to pay its debts by application of the creditors; or a voluntary application by shareholders of a company or members of a close corporation (commonly referred to as a creditors’ voluntary liquidation); or
In the case of a solvent company/close corporation, by an application by shareholders of a company or members of a close corporation.

For more information, see the new Liquidations webpage with Frequently Asked Questions.

Have A Question?

Click here to view our FAQ to find the answers to frequently asked questions.

Want To Know More About Us?

Click here to view our About Us page to get to know more about us and our service offerings.

Want To Know The Latest News?

Click here to visit our news page to read about the latest from SARS, the Department of Labour and SAIT.