Business Rescue - Mock up of deliverables and documentation
These are the formal and working docs you will expect to see from Spark!
Business Rescue Planning Scope & Deliverables - mockup
Reference |
Summary Description |
Document Owner |
Detailed Explanation |
CoR 123.1 |
Notice of beginning of Business Rescue proceedings |
sent by MD or CEO,m or Chairman of the Board |
Notice in terms of Company ACt, section 129, and who the appointed BRP, it must provide:
- Actual Cor 123.1 submitted to CIPC
- The resolution or judgment that led to the voluntary or imposed rescue proceedings
- Statement under oath of the facts supporting the Board's decision
- Cor 123.2 submitted to CIP, - see next doc
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CoR 123.2 |
Notice of appointment of Business Rescue Practitioner/s |
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SENS Announcement and suspension of listing and trading of shares |
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Notice of the first Creditors meeting |
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Notice of the first Employee meeting |
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First Creditors meeting |
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First Employees meeting |
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Business Rescue Plan publication |
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Notice of the second Creditors meeting |
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Second Creditors meeting |
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Business Rescue Plan voting meeting |
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Business Rescue Plan and amendments adopted |
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Status Updates |
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Substantial implementation of Business Rescue Plan |
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Stakeholder Specific Comms & Notices
Stakeholder Group |
Reference |
Summary Description |
Link |
Detailed Explanation |
All parties |
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Regulators - CIPC(FAIS) |
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Employees |
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Creditors |
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Suppliers |
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