Section 45K: Cessation of business

45K. Cessation of business (1) Where an employer becomes aware that he will cease to carry on any trade, business or occupation, whether voluntarily or otherwise, he shall forthwith give written notice of the fact to the Minister, specifying in the notice the date on which the cessation will, or is likely to, have effect. (2) Subject to subsection (3), an employer referred to in subsection (1) shall, not later than 15 days after the date of the cessation— (a) submit such monthly return or annual return as may be prescribed, notwithstanding the fact that the date on which the return would normally be submitted has not occurred; and (b) pay any contributions or surcharge payable. (3) Where a person is appointed to manage or wind up the trade, business or occupation of an employer referred to in subsection (1) as administrator, executor, receiver or liquidator, that person shall comply with the provisions of subsection (2). [S. 45K inserted by Act 25 of 2000.] PART VII – MISCELLANEOUS