New concepts in Company Law Company Law has a significant impact on commercial activity. With the implementation of the Companies Act, 2008 (Act No 71 of 2008), new corporate law concepts have been introduced, such as solvency and liquidity, new standards of accountability, disclosure and transparency, shareholder appraisal rights and corporate rescue. However, the Close [...]
Tag Archives | shareholder
Shareholders’ Agreement Launched
Shareholders' Agreement to be consistent with the Companies Act and a company's Memorandum of Incorporation A Shareholders' Agreement is a private document that deals with all the issues relating to the shareholders of a company. Section 15(7) of the Companies Act, Act 71 of 2008, as amended, states that: Shareholders may enter into any matter [...]
Recent Articles
- Why your Company needs a new customised Shareholders’ Agreement to protect the Company and its Shareholders
- The Future of Close Corporations : Update
- New Association Agreement for Close Corporations
- Public Benefit Organisations and the Requirements of the Income Tax Act
- Share Block Companies: A Viable Option
Why Convert Your Close Corporation to a Private Company
Close Corporations can no longer be registered With the advent of the new Companies Act, 2008 from 1 May 2011, it brought to an end the right to register new Close Corporations. Concomitantly, the opportunity to convert existing Close Corporations to private companies has been granted by the new Act. In terms of Schedule 3 [...]