Application for the removal of the respondent as the director of the company called Ambanc (Pty) Ltd in terms of section 71(8) of the Companies Act 71 of 2008. The respondent is alleged – on the basis of several grounds – to have been in derelict of or to have been neglectful in the performance of her functions as the director of the company,
including by misappropriating monies of the company for her personal gain, and establishing a separate business in competition with the company. Held, that the application is granted (with costs) and the respondent is removed as the director of the company. The respondent is also held liable for costs relating to the postponement of the previous hearing of the matter.
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