What is CoR 123.1?
This document contains the notice of the start of Business Rescue Proceedings.
This form is issued in terms of sections 129 and 131 of the Companies Act, 2008, and Regulation 123 of the Companies Regulations, 2011.
CoR 123.1 form instructions from CIPC
This notice must be published to every affected person within 5 business days after:
-It has been filed, in the case of a resolution, or
-The date of the court order, in such a case
If this Notice is issued following a board resolution:
-The company must appoint a business rescue practitioner within 5 business days after filing this notice; and
-Any affected person may apply to a court in terms of section 130 for an order setting aside the resolution.
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