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SUTHERLAND TANNERIES (PROPRIETARY) LIMITED (Reg. No. 1999/002749/07) (in business rescue) TO CREDITORS, EMPLOYEES AND SHAREHOLDERS NOTICE OF MEETINGS IN TERMS OF SECTION 151 OF THE COMPANIES ACT 2008

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Gather all necessary financial information such as income statements, balance sheets, and cash flow statements

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Businesses that are facing financial distress and are unable to pay their debts on time

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What is business rescue ampamp section?

Business rescue section is a legal process that allows struggling companies to restructure their affairs to avoid liquidation and continue operating.

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Companies that are financially distressed and need to reorganize their operations are required to file for business rescue.

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The purpose of business rescue section is to provide a mechanism for companies to rehabilitate themselves and avoid insolvency.

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Business rescue section typically requires information on the company's financial situation, proposed restructuring plan, and the appointment of a business rescue practitioner.

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