Tag ArchivesMOI

Key proposed amendments to the Companies Act

The South African Companies Amendment Bill (“the Bill”) was published on 21 September 2018. This marks the first amendments to the Companies Act No 71 of 2008 (“Companies Act”), since it came into effect. Some of the proposed amendments will soften difficult regulatory requirements and strengthen checks and balances. 1.    Amendments to Memorandum of Incorporation […]

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Removal of a Director Under the Companies Act 71 of 2008

The purpose of this article is to clarify the circumstances under which a director of a company may be removed within the provisions of the Companies Act, No 71 of 2008 (hereafter ‘the Act’). A ‘director’ is defined in section 1 of the Act as ‘a member of the board of a company, as contemplated […]

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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 as the “MOI”). Under the current Companies Act a company must have a memorandum of […]

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