Chapter 8: Regulatory Agencies and Administration of Act
Part B: Companies Tribunal
s193: Establishment of Companies Tribunal
- (1) There is hereby established a juristic person to be known as the Companies Tribunal, which:
- (a) has jurisdiction throughout the Republic;
- (b) is independent, and subject only to the Constitution and the law;
- (c) must exercise its functions in accordance with this Act; and
- (d) must perform its functions impartially and without fear, favour, or prejudice, and in as transparent a manner as is appropriate having regard to the nature of the specific function.
- (2) Each organ of state must assist the Companies Tribunal to maintain its independence and impartiality, and to perform its functions effectively.
- (3) In carrying out its functions, the Companies Tribunal may:
- (a) have regard to international developments in the field of company law; or
- (b) consult any person, organisation or institution with regard to any matter.
- (4) The Companies Tribunal consists of a chairperson and not less than 10 other women or men appointed by the Minister, on a full or part-time basis.
No related regulations.
No related note.
No related forms.