All sections · Part XVII: Striking Off, Winding Up And Dissolution · Sub-Part V: Provisions of General Application in Winding Up

336 La Società si impegna a non intraprendere alcuna attività dopo lo scioglimento

This section has been amended. The text above is the 2016 wording; the amending provisions follow.

(1) Subito dopo lo scioglimento di una società (sia per liquidazione volontaria, sia per liquidazione coatta o altro(g), la società deve -.
(a) cessa di esistere come persona giuridica costituita o continuata ai sensi della presente legge; e
b) non incorrere in debiti o obblighi commerciali o contrattuali.
(2) Ogni membro di una società che causa o permette alla società di contravvenire alla sottosezione (2) (b) è personalmente responsabile per qualsiasi debito o obbligo.

Translation for information only. Only the English original is legally binding.

Original wording (English, legally binding): Company not to undertake business once dissolved
(1) Immediately upon the dissolution of a company (whether by means of a
voluntary winding up, a compulsory winding up or otherwise), the
once dissolved
company —

(a) ceases to exist as a legal entity incorporated or continued under
this Act; and

(b) shall not undertake business or contract debts or obligations.

(2) Any member of a company who causes or permits the company to
contravene subsection (2)(b) is personally liable in respect of any debt or
obligation undertaken.

Amended since 2016

Act 32 of 2021 · 2021-08-02
51. Section 336(1)(a) of the principal Act is amended, by repealing the
word “continued”, and substituting therefor the words “continued, or
converted into a company”.
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