RECENT AMENDMENTS TO THE COMPANIES ACT – WHAT YOU NEED TO KNOW
Background: On 27 December 2024, certain provisions of the Companies Amendment Act No. 16 of 2024 and the Companies Second Amendment Act No. 17 of 2024 (collectively the “Amendment Acts”) came into effect, both of which amended certain provisions of the Companies Act...
HOW DIRECTORS CONFLICTS OF INTEREST ARE HANDLED UNDER THE COMPANIES ACT NO. 71 OF 2008
Background: The Companies Act No. 71 of 2008 (“Companies Act”), sets out specific provisions for dealing with conflicts of interests in a company, these provisions provide clarity on how a company should deal with a conflict pertaining to a director of a company, to...
AN ANALYSIS OF THE DIFFERENCES BETWEEN LIQUIDATION AND BUSINESS RESCUE
Background: The South African economic landscape is frequently disrupted by unpredictable external factors that significantly affect the business environment, complicating efforts to expand and improve profitability for companies. These challenges expose businesses to...