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BUSINESS RESCUE PLAN PREPARED AND PUBLISHED IN TERMS OF SECTION 150 OF THE COMPANIES ACT 71 OF 2008 (as amended)in relation to AFRICA OIL PROPRIETARY LIMITED (Registration No. 1995/001866/07) (in

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How to fill out notice of business rescue

01

Obtain the official Notice of Business Rescue form.

02

Fill out the form with all the required information including the company name, registration number, contact details, and the reasons for business rescue.

03

Sign and date the form.

04

Submit the completed form to the relevant authorities as per regulations.

Who needs notice of business rescue?

01

Companies that are facing financial distress and are considering business rescue as a way to restructure their operations and debt.

02

Creditors, shareholders, or any other stakeholders who need to be informed about the business rescue proceedings.

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What is notice of business rescue?

Notice of business rescue is a legal document filed by a company facing financial distress to signal its intention to undergo a process of business rescue.

Who is required to file notice of business rescue?

Any company that is insolvent or financially distressed and wants to undergo business rescue is required to file notice of business rescue.

How to fill out notice of business rescue?

Notice of business rescue can be filled out by providing relevant information about the company's financial situation, reasons for business rescue, and proposed rescue plan.

What is the purpose of notice of business rescue?

The purpose of notice of business rescue is to inform stakeholders and creditors about the company's decision to undergo business rescue and to initiate the legal process.

What information must be reported on notice of business rescue?

The notice of business rescue must include details about the company's financial position, reasons for business rescue, proposed rescue plan, and appointment of a business rescue practitioner.

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