The Companies Act
When the 'new' Companies Act, No 71 of 2008 came into force on 1 May 2011, it marked the beginning of a significant era for corporate law in South Africa. Although much of the old law was retained, many significant new concepts and changes were introduced. Cliffe Dekker Hofmeyr is well positioned to help your company ensure compliance with the legislation. We also offer training tailored to your business needs to help you meet your obligations.
- Transitional arrangements;
- The Shareholders' Agreement and Memorandum of Incorporation (MoI);
- The codification of the duties and liability of directors and so-called 'prescribed officers';
- Corporate governance in general;
- The appointment of certain board committees;
- Business rescue proceedings;
- Corporate finance and corporate capital;
- Audit requirements;
- Intra-group loans in terms of section 45 of the new Act;
- Mergers, acquisitions and other fundamental transactions;
- The Companies and Intellectual Property Commission and the Companies Tribunal;
- The future of close corporations; and
- No par value shares.