Companies Act, 2008 (Act No. 71 of 2008)Chapter 7 : Remedies and EnforcementPart D : Complaints to Commission or Panel172. Objection to notices |
| (1) | Any person issued with a compliance notice in terms of this Act may apply to the Companies Tribunal in the case of a notice issued by the Commission, or to the Takeover Special Committee in the case of a notice issued by the Executive Director, or to a court in either case, to review the notice within— |
| (a) | 15 business days after receiving that notice; or |
| (b) | such longer period as may be allowed on good cause shown. |
| (2) | After considering any representations by the applicant and any other relevant information, the Companies Tribunal, the Takeover Special Committee, or a court may confirm, modify or cancel all or part of a compliance notice. |
| (3) | If the Companies Tribunal, the Takeover Special Committee or a court confirms or modifies all or part of a notice, the applicant must comply with that notice as confirmed or modified, within the time period specified in it, subject to subsection (4). |
| (4) | A decision by the Companies Tribunal or the Takeover Special Committee in terms of this section is binding, subject to any right of review by, or appeal to, a court. |