@article{Darren Subramanien_2014, title={“DUPED” SHAREHOLDERS MAY APPLY FOR WINDING-UP ORDER – SECTION 81(1)(e) OF THE COMPANIES ACT 71 OF 2008 Pinfold v Edge to Edge Global Investments Ltd 2014 (1) SA 206 KZD}, url={https://obiter.mandela.ac.za/article/view/11800}, DOI={10.17159/obiter.v35i3.11800}, abstractNote={<p>In what is the first case of its kind that to have come before the South African courts the shareholders in <em>Pinfold v Edge to Edge Global Investments Ltd</em> (2014 (1) SA 206 KZD) were granted permission by the KwaZulu Natal High Court (Durban) to wind up Edge to Edge Global Investments, a public company on allegations of fraud committed by the directors of the company. The application was brought before the court in terms of section 81(1)(<em>e</em>) of the Companies Act 71 of 2008. The decision is significant as it provides insight as to what the courts would consider to be fraudulent, illegal and a misuse or waste of the company’s assets by the directors of a company, and what the shareholders of a company need to prove in order to be successful in an application based on section 81(1)(<em>e</em>) of the Act.</p>}, journal={Obiter}, author={Darren Subramanien}, year={2014}, month={Dec.} }