Companies Amendment Bill, 2021: Circumstances under which private companies will be regarded as regulated companies in the context of affected transactions
It has been over three years since the first publication of the proposed amendments to the Companies Act 71 of 2008 (Act) by the Companies Amendment Bill in September 2018 (Initial Bill). As a result of public presentations and consultation with stakeholders, the Department of Trade, Industry and Competition has now made changes to the Initial Bill, as contained in the Companies Amendment Bill, 2021 (Bill). The Bill was published on 1 October 2021 for public comment. The Bill does not introduce significant changes to the Initial Bill.