Section 481 of The Companies Act No. 17 of 2015: When payment out of capital to be made

    

(1) A payment out of capital is invalid unless it is made—
(a) no earlier than five weeks after the date on which the resolution under section 475 is passed; and
(b) no later than seven weeks after that date.
(2) Subsection (1) is subject to any exercise of the Court's powers under section479(5).


Disclaimer: This document is not to be taken as legal advise.

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