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

Part VII : Accounting and Disclosure

62A. Application of accountability provisions of Companies Act
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(1)Section 34(2) of the Companies Act, read with the changes required by the context, apply to a corporation.

 

(2)Chapter 3 of the Companies Act, read with the changes required by the context—
(a)applies to a corporation that has voluntarily determined to take any action contemplated in section 34(2) of the Companies Act; and
(b)prevails over any conflicting provision of this Act, with respect to a corporation contemplated in paragraph (a).

 

[Section 62A inserted by section 224, item 5(5) of Schedule 3(A), of Notice No. 421 dated 9 April 2009]