What are the new CIPC lodgement fees for Memorandums of Incorporation now that the transitional period for companies is over? The rumour mill has been hard at work. Now that the CIPC transitional period for companies (Schedule 5) has ended there is talk of penalties being imposed on those companies lodging their Memorandums of Incorporation [...]
Tag Archives | memorandum of incorporation
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Why your Company needs a new customised Shareholders’ Agreement to protect the Company and its Shareholders
A Company's Shareholders' Agreement that is not drafted in line with its own Memorandum of Incorporation and the Companies Act, No 71 of 2008 is void to the extent of the inconsistency. Such a Shareholders' Agreement is unenforceable between the Company and the Shareholders, and between the Shareholders themselves. Section 15(7) of the Companies Act, [...]