thenewcactus blogspot.com

New C.Act.Us

SA Companies Act No 71 of 2008, interpretation of e.g. financial assistance, liquidity solvency test, directors liabilities, etc

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New C.Act.Us

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SA Companies Act No 71 of 2008, interpretation of e.g. financial assistance, liquidity solvency test, directors liabilities, etc

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This web page thenewcactus.blogspot.com states the following, "South Africas new Companies Act 71 of 2008, effective 1 May 2011 - in bite size chunks! Sunday, 2 March 2014." We saw that the webpage said " No 71 of 2008 2008 Act allowed existing." It also said " If a companys MOI has not yet been aligned to the 2008 Act, the company secretary should alert their company to the risk of not doing so. A decision whether to file an amended MOI can then be made after taking into account the cost-benefit trade-off. Agreements contrary to the minority shareholder protection afforded by the 2008 Act will be void."

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