Reflections On Law – November 2020

DISPOSALS BY COMPANIES OF ALL OR THE GREATER PARTS OF ITS ASSETSSEC.112 AND 115 OF THE COMPANIES ACT 71 OF 2008 Sec.112(2) of the Companies Act states: “A company may not dispose of all or the greater part of its assets or undertaking unless- (a) the disposal has been approved by a special resolution of…