Close Corporations Act, 1984 (Act No. 69 of 1984)

If a founding statement referred to in section 12 complying with the requirements of this Act is lodged with the Registrar in the manner prescribed at any time before section 13 of the Companies Act comes into operation, and if the business to be carried on by the corporation is lawful, the Registrar shall upon payment of the prescribed fee register such statement in his or her registers and shall give notice of the registration in the prescribed manner.

[Section 13 substituted by section 224, item 2(2) of Schedule 3(A), of Notice No. 421 dated 9 April 2009]