Companies Act, 2008 (Act No. 71 of 2008)Chapter 7 : Remedies and EnforcementPart D : Complaints to Commission or Panel173. Consent orders |
(1) | If a matter has been investigated in terms of this Part, and the Commission and the respondent have agreed a resolution of the complaint, the Commission may— |
(a) | record the resolution in the form of an order; and |
(b) | if the person who is the subject of the complaint consents to that order, apply to the High Court to have it confirmed as a consent order, in terms of its rules. |
(2) Section 167(2) to (4), read with the changes required by the context, applies to an application contemplated in subsection (1).