Compliance with the formalities regarding Inter company loans and the Companies Act No. 71 of 2008

With regards to the Companies Act No. 71 of 2008 (“Act“) which came into force on the 1st of May 2011, there is a lot of heated debate and different views on the compliance with¬†the Act regarding inter company loans.

Please see below a link which we are posting to a memo which analysis the applicable section 45 of the Act which we hope will be of value to you and your organisation:

SECTION 45 OF THE COMPANIES ACT, 2008 No. 71 of 2008) (110629).pdf

06 July 2011