Companies Act, 2008 (Act No. 71 of 2008)

Individuals who are re-instated are required to demonstrate that while they were not licensed as a BRP they maintained and developed their professional competencies and could be required to demonstrate this on re-instatement.

Explanation

Should members resume business rescue activities after a significant period during which such activities were not performed, the accredited professional body may require the individual to undertake additional relevant CPD or to provide a plan which sets out in detail how the members will update their knowledge and ensure they can perform their responsibilities competently and with due care.