Companies Act, 1973 (Act No. 61 of 1973)Regulations Winding-Up and Judicial management of Companies2. Attachment of Assets |
| 1) | The sheriff shall, if the Master so directs, attach the movable assets of a company in liquidation or under judicial management. |
| 2) | When effecting an attachment of movable assets of the company in terms of subregulation (1) the sheriff shall follow as far as possible the procedure laid down by section 19 of the Insolvency Act, 1936 (Act 24 of 1936). |
| 3) | In respect of attachment in terms of this regulation a deputy-sheriff shall be entitled to the deputy-sheriff's fees prescribed in terms of the Insolvency Act, 1936, and the preference conferred by section 97(2) of the said Act in respect of the sheriff's costs shall apply to such fees. |
| 4) | A messenger or sheriff referred to in section 357 of the Act shall without delay transmit to the Master an inventory of all the property attached by him and which appears to belong to the company. |