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THE LEGAL EFFECT OF THE REMOVAL OF A COMPANY FROM THE REGISTER: AN ANALYSIS OF SECTION 83 OF THE COMPANIES ACT 71 OF 2008

Introduction Section 83 of the Companies Act No. 71 of 2008 ("Act") governs the legal effect of removing a company's name from the companies register maintained by the Companies and Intellectual Property Commission ("CIPC"), established under section 185 of the Act...
Mergers and the Important Principles to Remember

Mergers and the Important Principles to Remember

Within the corporate and finance industry, mergers play a very essential role. This is the process where an establishment is purchased along with the specific objective on why two or more companies will be merged. This includes a change in name, a significant change...

Joint Ventures: Things You Need to Know About It

Joint Ventures: Things You Need to Know About It

A great number of small and huge businesses alike are getting involved in joint ventures. First and foremost, what is joint venture and how do businesses gain advantage over this strategic plan? To begin with, this is defined as a mechanism where two or even more...

Counterparty Risk: Definition and Services

Counterparty Risk: Definition and Services

What is counterparty risk and how are businesses, vendors, sellers and individuals getting affected from it? When it comes to signing deals and contracts, it is already a party of the deal that there are risks involved. No matter how clear the contract may be, there...

Basic Concepts of the Corporate Law

Basic Concepts of the Corporate Law

Corporate Law, also known as Company Law, is mainly defined as the study on how businesses or corporations, shareholders, employees, directors, creditors, consumers, environment and the community interact with each other. Laws are governed in different countries may...

Complex Agreements

Complex Agreements

When two or more parties undergo a specific transaction, it is very important that they hold an agreement or a written contract that they can both refer to. This is a legal proof of a sale, a relationship between the seller and buyer, regardless of whatever property,...

Business Valuation: Introduction and Its Purpose

Business Valuation: Introduction and Its Purpose

Business valuation is considered as one of the most significant steps that one has to consider if you are planning on selling your business. some entrepreneurs who are willing to sell and / or buy these businesses may seek help from a business broker, lawyer or any...

Disclosure of Financial Interest

Disclosure of Financial Interest

Have you ever heard of the term “disclosure of financial interest” somewhere online, or in one of the loan applications that you have done before? This is a very common term used in the finance industry, although people have different point of views and beliefs with...

Piercing the Corporate Veil

Piercing the Corporate Veil

Because the officers and directors of a corporate entity act and think on its behalf, there is a need for the individuals and corporates to be held accountable for their actions, particularly when such person are involved in fraudulent or dishonest activity. In...