Section 981 of The Companies Act No. 17 of 2015: Liability of local representative

    

(1) A local representative of a registered foreign company—
(a) is answerable for the doing of all acts, matters and things that the company is required by or under this Act to do; and
(b) is personally liable to a penalty imposed on the company for a contravention of, or failure to comply with, this Act if the Court hearing the matter is satisfied that the local representative should be so liable.
(2) If a registered foreign company has two or more local representatives, those representatives are jointly and severally—
(a) answerable for the doing of all acts and things that the company is required by or under this Act to do; and
(b) personally liable to a penalty imposed on the company for a contravention of, or failure to comply with, this Act if the Court hearing the matter is satisfied that they should be so liable.
(3) If, in relation to a registered foreign company that has two or more local representatives, the responsibility for doing an act or thing that the company is required by or under this Act to do is discharged by one those representatives, it is taken to have been also discharged by the other or others of those representatives.


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

Enhance Your Research with Bookmarks and Annotations

Here's how you can use these features:

  • To bookmark this page, click the "Bookmark this Page" button below the document title.
  • To add an annotation, highlight text in the document and select "Add Annotation" from the toolbar that appears.
  • These features are great for organizing your research and keeping track of key information.
  • You can view and manage your bookmarks and annotations on your Bookmarks and Annotations page.

Cited By:



More Sections