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 […]
Investing in a private company is a personal decision contingent on sometimes, many personal factors. That being on the one side and on the other, the Company’s right to buy back shares. Companies are in terms of the Companies Act 71 of 2008, as amended (hereinafter referred to as “the Act”) – allowed to buy-back […]
The Companies Act No. 71 of 2008, as amended (“the Act”), provides that a company may acquire its own shares to the extent that it is solvent and liquid, as more fully described in Section 4 of the Act. In essence, a share buy-back is a transaction where a company buys a portion of its […]
Often when the personal circumstances of the owners or shareholders of a company change drastically, the arrangement(s) in relation to the ownership running of the business/company need to change as well. This in the best interests of the company’s continuity.
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