Section 8 Companies occupy a unique position in India’s corporate landscape. Incorporated exclusively for non-profit or charitable objectives – such as the promotion of commerce, art, science, religion, education, or social welfare – they enjoy special privileges including exemption from stamp duty, liberal tax treatment, and relaxed governance norms. However, this special status…
The Durban High Court has postponed the liquidation case against Tongaat Hulett after a last-minute funding agreement was reached, providing the company with a temporary lifeline until June. This decision follows a last-minute agreement between the company’s Business Rescue Practitioners (BRPs) and the Industrial Development Corporation (IDC) for R200 million in funding. The supplementary affidavits…
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REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it AAA Regulators were warned twice about an NDIS-linked operator now embroiled in liquidations, litigation and claims of…
Scottish Borders-based Queene and Belle Limited agreed a resolution at a meeting chaired by Angela Bell “that the company be wound up voluntarily” and that a liquidator is appointed. Richard Gardiner, of Thomson Cooper, was appointed liquidator “for the purpose of such winding up”. Read More Queene and Belle Limited, described by Companies House as operating a “creative design”…
REVEALED: Liquidator appointments for businesses in the Tablelands council area for April 17 The Cairns Post Read the original article here
Tongaat gets three-month reprieve as state eyes solution for SA’s sugar albatross News24 Read the original article here