Companies act no 71 2008 pdf

Reproduced by sabinet online in terms of government printer s. For guidance, the developers looked to south african company law for the 21st. Subject to the foregoing, no provision contained in this memorandum of incorporation should be interpreted or construed as negating, limiting, or restricting those. Companies act regulations 2011 under companies regulations 2011. Section 4241 of the old companies act has been replaced by section 77 which, while worded differently, retains the essence of the old section 424.

Section 77, as read with section 22 of the act, penalises and holds. Companies act 28 of 2004 gg 3362 brought into force on. For guidance, the developers looked to south african company law for the 21st century. Prepared in terms of section 150 of the companies act, no. Companies ct 2008 act o 71 of 2008 2 companies act, 2008 act no.

The minister of trade and industry has, in terms of section 223 and. Section 4241 of the old companies act has been replaced by section 77 which, while. Companies act 2008 notes on the guide to companies act no 71 of 2008 2 1. Legal brief one of the highlights of the new companies march 2011 act no. The new act and regulations became effective on 1 may. Updated guidance and frequently asked questions on section 902 of the companies act, 2008. The new act sets forth to repeal, in the near future, the companies act no.

Companies regulations, 2011 pages 2 320 6,5mb pdf memorandum on the objects of the companies act no 71 of 2008 107kb pdf quick reference to the companies act of 2008 123kb pdf consolidated version of the companies act 1mb pdf proclamation of companies act effective date 89kb pdf. This article looks at the south african companies act 71 of 2008 hereafter the. I, dr rob davies, the minister of trade and industry, hereby in terms of section. I, dr rob davies, minister of trade and industry, pursuant to the signing of the companies act. The companies amendment bill b 40 2010 was tabled in. During br proceedings, no legal proceedings may commence or proceed against the company in any cess of developing the companies act, no. Companies amendment bill 2018 cliffe dekker hofmeyr. A corporate revolution in south africa the companies act no.

Declaration of conflicts of interest and the consequences of noncompliance. The act replacesd the companies act, 61 of 1973 and came into effect on 1 may 2011. The companies act provides for directors personal financial interests, standards of directors conduct, liability of directors and prescribed officers, and indemnification and directors insurance. Tyre corporation support services pty ltd registration no. Amendment of the companies act regulation, 2011 5 february 2014. In terms of section 223, and item 14 of schedule s, of the companies act, 2008 act no.

There are two broad types of companies included under the companies. Companies act 71, of 2008 legal and governance technical. This guide is intended as an easy reference, pocketsized guide for directors, shareholders. The act rewrites south african company law completely, and accordingly will have farreaching effects. Registration number 199701835208 the company this moi was adopted by special resolution passed on18 may 2017, a copy o f which was. Business rescue plan prepared in terms of section 150 of. Guidelines for corporate law reform may 2004, a policy document developed by. The act was signed by the president on 8 april 2009, but implementation was deferred to accommodate necessary amendments. The companies act 71 of 2008 has codified the traditional directors common law duty to avoid conflict of interest, specifically the selfdealing and fair dealing rules. It is trite that the 1973 act, which has regulated our company law for over thirty 30 years, was old and outdated.

M gwanyanya the south african companies act and the. Guidelines for corporate law reform may 2004, a policy document developed by the department of trade and industry the dti. South african government lets grow south africa together. The minister of trade and industry has, in terms of. Companies act 71 of 2008 english text signed by the president assented to. Fundamental transactions and their regulation by the. Accounting records, financial statements, financial reporting. Pdf the impact of the companies act 71 of 2008 on the.

Companies act institute of directors in southern africa. General authority to directors to allot and issue authorised but unissued shares resolved that, to the extent required by and subject to the moi of the company, the companies act and the jse listings. The act replaces the companies act, 61 of 1973 and came into effect on 1 may 2011. Some of the highlights, from a businessmans point of view, are. Companies act institute of directors in southern africa iodsa.

The act rewrites south african company law completely and will have far reaching effects. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Companies act no 37 of 1999 the 1999 amendment act. Several attempts were made to resuscitate it so as to bring it to par with prevailing international trends in. Kranspoort eienaarskomitee rf npc reg no 200402332308 version 2 aug 16 page 7 of 66. To provide for the incorporation, management and liquidation of companies. Amendment of the companies act regulation, 2011 20 august 20companies act no 71 of 2008 maatskappywet no 71 van 2008 companies amendment act, no 3 of 2011 companies regulations, 2011 pages 1 107 companies regulations, 2011 pages 108 212 companies regulations, 2011 pages 2 320. Guidelines for corporate law reform may 2004, a policy. Companies act no 71 of 2008 872kb pdf maatskappywet no 71 van 2008 685kb pdf. The companies amendment bill b 40 2010 was tabled in parliament on 9 november 2010.