Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Hairdressing, Cosmetology, Beauty and Skincare Industry (Pretoria)Main Collective Agreement42B. Disclosure of Information concerning Insolvency |
| (1) | An employer that is facing financial difficulties that may reasonably result in the winding up or sequestration of the employer, must advise a consulting party contemplated in section 189(1) of the L. R. A. |
(2)
| (a) | An employer that applies to be wound up or sequestrated, whether in terms of the Insolvency Act, 1936, or any other law, must at the time of making application, provide a consulting party contemplated in section 189(1) of the L.R.A with a copy of the application. |
| (c) | An employer that receives an application for its winding-up or sequestration must supply a copy of the application to any consulting party contemplated in section 189(1) of the L.R.A, within two days of receipt, or if the proceedings are urgent, within 12 hours. |