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Showing 1 to 2 of 2 for “"Reckless trading"”.

  1. Reckless trading: critical analysis and proposals for reform

    … risk-taking. This can, however, lead to reckless trading behaviours by directors to the detriment of creditors. Finding the correct balance between supporting valid commercial risk-taking and entrepreneurship, on the one hand, and encouraging financial responsibility towards creditors on …

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  2. The liability of directors for fraudulent and/or reckless trading: Section 424 of the Companies Act 61 of 1973

    … in what are commonly known as the fraudulent or reckless trading provisions of the Companies Act 61 of 1973, namely s 424. This provision replaces s 185 bis (1) of the Companies Act 46 of 1926 which was derived from what is presently s 630 of the Companies Act (1985) of the United Kingdom (s 332 …

    cape-town Repository record for The liability of directors for fraudulent and/or reckless trading: Section 424 of the Companies Act 61 of 1973 (opens in a new tab)