S.L. 386.30 Art. 17Directorate’s order for striking-off.

(1) In the case that an agriculture company ceases to generate at least fifty-one percent (51%) of its revenue from agricultural activity or to generate the remaining percentage from ancillary agricultural activity, the Directorate shall order that such agricultural company be struck off from the register of commercial partnerships held by the Registrar.

(2) Prior to the issuance of any such order referred to in sub-regulation (1) the Directorate shall give a one (1) month notice in writing to the officers of the company and to its registered office specifying that unless the cause for striking off is remedied within the one (1) month period, the Directorate shall proceed to issue such order as mentioned in sub-regulation (1). The Directorate shall specify in the notice the reason for the striking off and the date on which the one (1) month notice period shall lapse.

(3) Upon the issuance of any notice in terms of sub-regulation (2), the Registrar shall publish a notice thereof on his online portal, which shall also contain the date on which the one (1) month notice period referred to in sub-regulation (2) shall lapse.

(4) Upon the lapse of the said one (1) month period, the Directorate shall issue the order indicated in sub-regulation (1). The Registrar shall proceed to publish such order on his online portal and shall issue a notice stipulating that the Registrar shall proceed with striking off the name of the company from the register in terms of sub-regulation (1).

(5) The notice of striking off published by the Registrar shall indicate the date on which the company’s name is deemed to be struck off the register and the reason according to law for such striking off.