Companies Act, 2008 (Act No. 71 of 2008)Chapter 6 : Business Rescue and Compromise with CreditorsPart C : Rights of affected persons during business rescue proceedings148. First meeting of employees’ representatives |
| (1) | Within 10 business days after being appointed, the practitioner must convene, and preside over, a first meeting of employees’ representatives, at which— |
| (a) | the practitioner must inform the employees’ representatives whether the practitioner believes that there is a reasonable prospect of rescuing the company; and |
| (b) | the employees’ representatives may determine whether or not an employees’ committee should be appointed and, if so, may appoint the members of the committee. |
| (2) | The practitioner must give notice of the meeting to every registered trade union representing employees of the company and, if there are any employees who are not represented by such a registered trade union, to those employees, or their representatives, setting out the— |
| (a) | date, time and place of the meeting; and |
| (b) | agenda for the meeting. |