Question: please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to
please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to answer some of the following questions
question 1
- the legal consequences of business rescue proceeding include;
a) disposing of the company's property is restricted
b) Most civil legal proceedings against the company are stayed
c) Re-financing of the company is facilitated by allowing for company assets to be used secure loans
d) employees contracts of employment may be modified if needed to assist the company's rescue
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
