Companies Act, 2008 (Act No. 71 of 2008)Chapter 8 : Regulatory Agencies and Administration of ActPart B : Companies Tribunal193. Establishment of Companies Tribunal |
| (1) | There is hereby established a juristic person to be known as the Companies Tribunal, which— |
| (a) | has jurisdiction throughout the Republic; |
| (b) | is independent, and subject only to the Constitution and the law; |
| (c) | must exercise its functions in accordance with this Act; and |
| (d) | must perform its functions impartially and without fear, favour, or prejudice, and in as transparent a manner as is appropriate having regard to the nature of the specific function. |
| (2) | Each organ of state must assist the Companies Tribunal to maintain its independence and impartiality, and to perform its functions effectively. |
| (3) | In carrying out its functions, the Companies Tribunal may— |
| (a) | have regard to international developments in the field of company law; or |
| (b) | consult any person, organisation or institution with regard to any matter. |
| (4) | The Companies Tribunal consists of a chairperson and not less than 10 other women or men appointed by the Minister, on a full or part-time basis. |