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COMPANY DIRECTORS SHAREHOLDERS SHARES

Company Records

The Companies Act 71 of 2008 (as amended) requires all companies to maintain certain company records for a period of seven years. A company must at all times have a copy of its Memorandum of Incorporation (“MOI”) and any amendments or alterations to it, as well as any rules that apply to the company in […]

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CIPC COMPANY

Annual Returns

All companies (including external companies) and close corporations are required by law to lodge their annual returns with the Companies and Intellectual Property Commission (“CIPC”) within a certain period of time every year. An annual return is a statutory requirement in terms of the Companies Act 71 of 2008 (as amended) and the Close Corporations Act 69 […]

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BLOG COMPANY

Companies Act Series – Part 5

Part 5: Voluntary winding-up of solvent companies in terms of the Companies Act By Dommisse Attorneys on 1st March 2016 Although any mention of the “winding-up” or liquidation of a business enterprise has the tendency to attract negative sentiments in the commercial world, the voluntary winding-up of a solvent company remains a useful and practical […]

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BLOG DIRECTORS

Companies Act Series – Part 4

Part 4: Board Meetings By Dommisse Attorneys on 2nd February 2016 The Companies Act, 71 of 2008 (“the Act“) expressly provides that the business and affairs of a company must be managed by or under the direction of the board of directors (“the Board“), which has the authority to exercise all of the powers and perform […]

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BLOG DIRECTORS

Director’s Duties – 5 things you need to know

By Dommisse Attorneys on 20th August 2013 There has been a lot of media coverage in the past couple of years devoted to directors’ duties under the new Companies Act of 2008, and the fact that directors can be held personally liable if they breach those duties. The effect can be fear and uncertainty – […]

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BLOG

Share Capital: What to consider?

By Dommisse Attorneys on 2nd June 2016 The monies raised by a company through the issue of shares is commonly referred to as the share capital of that company. The Companies Act, 71 of 2008 (as amended) (“Companies Act“) regulates certain aspects regarding share capital, which every director, shareholder and potential investor should be aware […]