The Chief Master hereby thank all Insolvency Practitioners and aspirant Insolvency Practitioners who submitted their completed information forms.
The provisional National Masters List published hereunder would in all probability represent the Master’s clean-up List.
The follow-up should only be via email(LiqRenewal@justice.gov.za) because no telephone or fax communication will be accepted. If you have sent your information via email and have not received an auto-generated response, indicating that the Master has received your information, please send an email to the Master at LiqRenewal@justice.gov.za.
Once the consideration of additional/outstanding information has been considered, stakeholder and the public would be advised of all green practitioners details for their inputs and objections, if any, to underscore the openness and transparency of this process of cleaning the List.
Liquidators must ensure that the 2019 RenewalAffidavit must be lodged on or before the 29 March 2019. Renewal Affidavits for 2019 received after the 29 March 2019 will not be considered and no further extensions will be granted. Failing to lodge the Renewal Affidavit on time will result in your name being removed from the National List and PDI list.
The following documents must be included:
a. Renewal Affidavit (Link to form: Renewal Affidavit)
b. Tax Clearance (Personal),
c. Tax Clearance (Business); if you are a sole proprietor, please lodge proof,
d. Written Confirmation of Bond Facility (Approved Bond Company and not the Agent) and
e. Confirmation from Bond Company that all premiums are paid up to date.
Liquidators must also ensure that the Renewal Affidavit is completed in full and clearly indicate the Satellite Offices as well as the place of business for such satellite office. Failing to clearly indicate this, will result in you being removed from the Satellite offices even though you were previously appointed at such Satellite Office.
Kindly note that the applications for the First Intake are now open and will close on the 29 March 2019. No Late Applications will be accepted. The following documents must be included in your application:
Affidavit of Non-Interest (for appointment as Trustee /Liquidator) to be used by all Liquidators .
Please also take note that the Old Form willnot be accepted as from the 01 June 2019 [296kb]
Renewal Affidavit providing required information for persons applying to remain on the National List of Liquidators [253kb]
The contact details of persons reflected on the PDI lists, appear in full on the National List of Liquidators. Any Practitioner who finds any error with his details is invited to send email to LiqRenewal@justice.gov.za.
New Applications for admission to the Active Insolvency Practitioners List
Any person who has the following qualifications or is an admitted attorney, may apply to be considered for inclusion in the National list of liquidators:
Intakes for new applicants will take place twice annually (May and October). The closing dates for submission of new applications before each intake will be March and September.
Assessments of new applicants consists of a written test, as well as a short interview. Candidates should have knowledge of the following in preparation of such assessment:
Insolvency Act 24 of 1936;
Companies Act 61 0f 1973;
Companies Act 71 of 2008;
Close Corporations Act 69 of 1984;
Relevant Case Law;
Latest developments in the insolvency and liquidation industry.
For purposes of the assessment process, should you have met the requirements to be shortlisted, you need to bring:
ID document or valid drivers’ licence;
Own stationary and calculator
Note: Candidates will not be allowed access to their cellular phones during the assessment period.
Affidavit for new applicants
The below-linked information affidavit must be completed and must be lodged, together with the annexures thereto, to the following e-mail address before the closing dates of each intake as mentioned above.
Affidavit for New Applications: Affidavit providing required information for persons applying to be placed on the National List of Liquidators [376kb] Updated: 2016/11/10
These affidavits with annexures may only be submitted electronically to the following e-mail address: NewLiq@justice.gov.za
INSOLVENCY INFRASTRUCTURE COMMITTEE VISITS AS FROM NOV 2017
The purpose of this notice is to inform all Liquidators or Insolvency Practitioners practising in the Republic of South Africa of the reasons of the inspection visits to their offices by Insolvency Infrastructure Committee established by the Office of the Chief Master.
The Insolvency Infrastructure Committee was established by the Office of the Chief Master and is comprised of various staff members from various Master’s offices.
The function of the Infrastructure Inspection Committee in Insolvencies is to confirm and verify information regarding Office infrastructure provided in the affidavit for placement on the National Panel of Liquidators and the Affidavit to renew information of Liquidators /Trustees already on the Confirmed National Panel.
To conduct inspections of all practitioners at least once a year / alternatively on an ad hoc basis as the need arise.
The aim is to inspect the infrastructure where the Insolvency practitioner or liquidator is conducting his/her business
PROCEDURE TO BE FOLLOWED WHEN DOING INSPECTION
Inspection committee to verify if there is sufficient resources available to perform duties as expected from an Insolvency practitioner / liquidator i.e to check:
if there is office equipment like a computer, fax or telephone line, photocopier machine,
if the liquidator owns or have lease agreement of the place of business or office and
If there is a person employed in the office to attend to the administration issues.
The committee is to report back to OCM that the Insolvency Practitioner/liquidator has/does not have adequate facilities and resources to fulfil his/her duties and if he/she should remain on the National list or not.