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Can the 21 days in which to comply with a Statutory Demand be extended?
A company is taken to have failed to comply with a Statutory Demand at the end of 21 days after the date of service.
The time for compliance may be longer if the company seeks to set aside the demand and the court may extend the time for compliance where the hearing of an application pursuant to that section is sought.
If the court does not extend the time for compliance, then compliance ends 7 days after the application is finally determined.
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