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 Act? Failure to do so may result in your existing agreements being declared invalid, to the extent that they contravene or conflict with the provisions of the new Act.
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