SHAREHOLDING STRUCTURES: THE UTILISATION OF DIFFERENT CLASSES OF ORDINARY SHARES
R Jooste and J Yeats in the second edition of Contemporary Company Law states that a company has “almost unlimited freedom to create the capital structure it desires and in so doing to structure the rights of each of its various classes of shares in an almost infinite...PRIVATE COMPANIES AND SOCIAL AND ETHICS COMMITTEES
Background: The Companies Act No. 71 of 2008 requires every state-owned company, every listed public company and any other company with a public interest score which exceeds 500 points in any 2 of the previous 5 years (“Threshold”), to appoint a social and ethics...
THE CYBERCRIMES ACT – WHAT IMPLICATIONS WILL IT HAVE?
The Cybercrimes Bill was signed by President Cyril Ramaphosa on 26 May 2021. The Bill is now an act of Parliament, being the Cybercrimes Act No 19 of 2020 (“Cybercrimes Act”), and will come into effect on a date to be proclaimed in the Government Gazette. The...POPI: EVERYTHING YOU NEED TO KNOW ABOUT INFORMATION OFFICERS
The coming into effect, on 1 July 2021, of the Protection of Personal Information Act No 4 of 2013 (the “POPI Act”) has caused widespread anxiety amongst businesses who have made little to no progress on becoming compliant with the provisions of the POPI Act. One of...