We are accomplished in the field of company law and can thus assist clients in the registration, conversion and maintenance (administration) of existing and new company structures in and outside of groups of companies.
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<Cover feature – de Rebus June 2012 – Piercing the corporate veil under the new Companies Act>
New Companies Act: Restrictions in a company’s MOI
Under the old Companies Act, a company only had the powers and capacity determined by its main objects, which were set out in the company’s Memorandum of Incorporation (MOI). However, the new Companies Act (the Act) provides that a company has all the …
The new Companies Act: what business owners need to know
Most people are now aware that the new Companies Act1 (the new Act) came into effect on 1 May 2011. But as business owner, are you aware that you have until 30 April 2013 to bring your shareholders agreements and company’s MOI into line with the new Ac …
The effects of the memorandum of incorporation (MOI) on third parties
Do you manage a business? If so, it is important that you understand the very significant changes triggered by the Companies Act 71 of 2008. Under the Companies Act 61 of 1973 (the “Old Act”), every company had to register its Memorandum of Association …
De Rebus publication: June 2012
Ms Nicolene Schoeman’s latest research paper titled: Piercing the Corporate veil under the new Companies Act. Is s20(9) read with s 218 a codification of the common law concept or is it further reaching? was published in the prestigious legal journal D …
Executive and non-executive directors in terms of the new Companies Act
The Companies Act 61 of 1973 (referred to here as the ‘old Act’) distinguished between the rights and duties of executive and non-executive directors. The relationship between the company and its executive directors was regulated by their employment or …
Directors duties and liability under the new Companies Act
The role of company directors has changed quite dramatically with the inception of the new Companies Act in May this year. In terms of the previous Companies Act 61 of 1973 (the “old Act”), a distinction was drawn between executive and non–executive di …
The future of shareholders agreements under the new Companies Act
Under the previous Companies Act of 1973, shareholders agreements (and share sale agreements) played a very important role and proved to be a powerful business tool in negotiations between shareholders and with investors. They were also vital for the g …
The new Companies Act – the memorandum of incorporation (MOI)
In the third of a series of articles, to be published in De Rebus magazine, regarding the implications of new Companies Act of 2008, Paul Descroizilles, briefly discusses the nature and content of the memorandum of incorporation (hereafter referred to …
