(1) A practitioner may be removed only—
(a) by a court order in terms of section 130; or
(b) as provided for in this section.
(2) Upon request of an affected person, or on its own motion, the court may remove a practitioner from office on any of the following grounds:
(a) incompetence or failure to perform the duties of a business rescue practitioner of the particular company;
(b) failure to exercise the proper degree of care in the performance of the practitioner’s functions;
(c) engaging in illegal acts or conduct;
(d) if the practitioner no longer satisfies the requirements set out in section 138(1);
(e) conflict of interest or lack of independence; or
(f) the practitioner is incapacitated and unable to perform the functions of that office, and is unlikely to regain that capacity within a reasonable time.
(3) The company, or the creditor who nominated the practitioner, as the case may be, must appoint a new practitioner if a practitioner dies, resigns or is removed from office, subject to the right of an affected person to bring a fresh application in terms of section 130(1)(b) to set aside that new appointment.
Business rescue provisions in Chapter 6 of the Companies Act No. 71 of 2008
(323k).
Ondernemingreddingbepalings in Hoofstuk 6 van die Maatskappywet No. 71 of 2008
(333k).
Business rescue provisions in Chapter 6 of the Companies Amendment Act No. 3 of 2011
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Business rescue provisions in Chapter 6 of the Companies Amendment Act No. 3 of 2011 (English/Afrikaans version)
(792k).
Business rescue provisions in Chapter 6 of the unofficial LexisNexis Consolidated Companies Act
(105k).
Business rescue provisions in Chapter 6 of the Companies Regulations, 2011
(62k).
Companies Act No. 71 of 2008
(829k).
Mastskappywet No. 71 of 2008
(545k).
Companies Amendment Act No. 3 of 2011
(2 000k).
Companies Amendment Act No. 3 of 2011 (English/Afrikaans version)
(5 920k).
Unofficial LexisNexis Consolidated Companies Act
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Companies Regulations, 2011
(951k).