Offences relating to financial statements in terms of the Companies Act No. 71 of 2008
A person is guilty of an offence in terms of the Companies Act No. 71 of 2008 (“Act”) if the person: is a party to the falsification of any accounting records of a company;with a fraudulent purpose, knowingly provided false or misleading information in any...
New Companies Act No. 71 of 2008: Mergers and Acquisitions
Scheme of arrangement: A scheme of arrangement is any arrangement or agreement proposed by the board of directors and entered into between the company and holders of any class of its securities, including a re-organisation of the share capital of the company, by way...
The Companies Act No. 71 of 2008: Delinquency of directors
The Companies Act No. 71 of 2008 provides that a court must declare a director delinquent if: he or she has consented to act as director while ineligible or disqualified –has acted as a director in a manner contrary to an order of probation; or has acted as a director...