There is a distinction that is drawn between someone who is ineligible to be director of a company and someone who is disqualified from being a director of a company. If a person is ineligible, that person is prohibited completely from being a director. However, a person who has been disqualified may still be permitted […]
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WILL THE PROPOSED REVISION TO THE B-BBEE CODES OF GOOD PRACTICE LEAD TO INCREASED FRONTING ACTIVITY?
The proposed changes to the Broad-Based Black Economic Empowerment (“B-BBEE”) codes now intend to make “ownership” a compulsory priority element. Around 95% of companies fall into the Exempt Micro-Enterprises (“EME”) category. However, an EME that is 100% owned by black people automatically qualifies as a level 1 contributor and an EME that is more than 50% […]
On the 6th of August 2013 SARS released an interpretation note which seeks to shed some light on the interpretation of section 11(d) of the Income Tax Act (Act 58 of 1962) which allows a deduction for expenditure incurred on repairs for the purposes of trade. Expenditure on repairs to a capital asset that cannot […]
One of the new concepts introduced by the new Companies Act (“the Act”) is the concept of business rescue. This concept finds its foundation in one of the stated purposes of the Act, which is to “provide for the efficient rescue and recovery of financially distressed companies, in a manner that balances the rights and interests […]
The broad concept of a company and business law by its nature is that its affairs are managed by a board of directors and that shareholders are bound by resolutions approved by the majority of them. The problem however arises when minority shareholders disagree or are prejudiced by the majority rule. Even where they wish […]
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As a published writer and respected authority the law, Nicolene Schoeman – Louw, our founder, appears regularly in a number of legal, business and mainstream publications.
Among other channels, her articles appear in De Rebus (SA attorney’s journal), Entrepreneur magazine and find an attorney.co.za as well as newsletters published by the Cape Chamber of Commerce and Industry, Business Women’s Association, Fine women business network and Xtraordinary Women.
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