Draft Companies Amendment Bill [B

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Published: 30 Jul 2010

Draft Companies Amendment Bill [B – 2010]

This draft proposes amendments to the Companies Act, 2008 to -
(a) better provide for the administration of the principal Act, and in particular to establish a proper foundation for certain necessary regulations;
(b) continue the mechanisms established under section 335 of the Companies Act, 1973 to allow for the transfer of registration of foreign companies to the jurisdiction of the Republic;
(c) address significant errors, infelicities and ambiguities that could result in misapplication of the principal Act in a manner contrary to its underlying policy; and
(d) correct various numbering, spelling, punctuation, reference, alignment and typographical errors in the text.