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Protected Cell Companies Act

consolidated text (as at 2013, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

Later amending instruments held: Finance (Miscellaneous Provisions) Act 2018 (Act No 11 of 2018), Finance (Miscellaneous Provisions) Act 2021 (Act No 15 of 2021).

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Legal regime applicable to protected cell companies
  4. PART II: PROTECTED CELL COMPANIES
  5. 4 Incorporation or registration
  6. 5 Continuation
  7. 6 Name and Memorandum
  8. 7 Creation of one or more cells
  9. 8 Cellular and non-cellular assets
  10. 9 Cell shares and cell share capital
  11. 10 Reduction of cell share capital
  12. PART III: CREDITORS
  13. 11 Liability of a protected cell company
  14. 12 Liability of cellular assets
  15. 13 Creditors of a protected cell company
  16. 14 Recourse to cellular assets by creditors
  17. 15 Transfer of cellular assets
  18. 16 Liabilities and non-cellular assets
  19. 17 Protection of creditors
  20. 18 Power of Commission in respect of guarantee
  21. PART IV: ADMINISTRATION ORDER
  22. 19 Application for administration order
  23. 20 Administration order
  24. 21 Functions of administrator
  25. 22 Discharge and variation of order
  26. 23 Remuneration of administrator
  27. PART V: RECEIVERSHIP ORDER
  28. 24 Application for receivership order
  29. 25 Receivership order in relation to cells
  30. 26 Functions of receiver
  31. 27 Discharge and variation of order
  32. 28 Remuneration of receiver
  33. PART VI: LIQUIDATION
  34. 29 Liquidation of a protected cell company
  35. PART VII: MISCELLANEOUS
  36. 30 Regulations