Cos Act summary (wind-up vs deregistration) August24

WINDING UP OPTIONS

MEMBERS’ VOLUNTARY WINDING UP VS DEREGISTRATION

Directors and shareholders of dormant companies without reasonable future business prospects wishing to reduce regulatory compliance costs and administrative burdens, as well as the ability to avoid ongoing reporting and disclosure requirements will likely seek to wind up the company.

In Botswana, the Companies Act (Chap 42:01) provides two distinct processes that achieve these objectives.

Download the summary as a PDF Document here.