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The new Companies Act, No 71 of 2008, which was promulgated into law on May 1, states that Articles and Memoranda of Association of companies and Founding Statements of close corporations that...
The responsibilities of directors under the New Companies Act of 2008 can weigh heavily on the shoulders of persons in such positions, says law firm Eversheds candidate attorney David Luckett. A...
The recently promulgated new Companies Act, which came into effect on May 1, is a combination of both the old Act and the new Act, states corporate law firm Brink Cohen Le Roux (BCLR) director...
In terms of certain provisions of the new Companies Act, No 71 of 2008, government has prohibited any form of reckless trading by a company, reports law firm Werksmans Attorneys.
Despite the concerns surrounding the new Companies Act, No 71 of 2008, and the lengthy period to finalise it, the aim of the Act is to make business proceedings easier, says global accounting and...
Law firm Adams & Adams commercial department head André Visser says that the new Companies Act, No 71 of 2008, will change the landscape of companies, as they are presently constituted.
The implementation of new Companies Act will be delayed. It was initially mooted that the new law would be effective from October 2010 this year, but the Department of Trade and Industry has now...
The new Companies Act,[1] (“the new Act”) ushers in a new era of company law and when it eventually comes into effect, it will, as can be expected, give rise to a fair amount of confusion about...