Section 81A: Tax liability of appointed person

81A. Tax liability of appointed person (1) Where an administrator, executor, receiver or liquidator is appointed to manage or wind up the business of any company, the appointed person shall— (a) give notice of his appointment to the Director-General, within 15 days of the date of his appointment, in such manner and in such form as the Director-General may approve; (b) before disposing of any asset of the company, set aside such sum out of the asset as appears to the Director-General to be sufficient to provide for any income tax that is or may become due and payable by the company; and (c) do everything that is required to be done by a company under this Act. (2) Any appointed person who, without reasonable cause or justification, fails to comply with any of the requirements of subsection (1) shall be personally liable to pay any income tax that is or may become due and payable and shall commit an offence. [S. 81A inserted by s. 10 (e) of Act 20 of 2009 w.e.f. 19 December 2009.]