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Msasani Peninsula
PO Box 7495
Dar es Salaam
Tanzania
By Haware Sinare
It was perfectly legal for companies established in Tanzania before the entry of the new Companies Act to credit share premium to profit and loss accounts so as to make them available for paying dividends.
By Haware Sinare
The Tanzanian law of Evidence Act, No 6 of 1067 (Act) does not have provisions recognizing electronic documents as admissible evidence whether primary or secondary (see sections 64, 65 and 79 of the Act). Yet Tanzanian companies take orders, conclude contracts, send invoices and generally conduct business electronically without additional documentation to support the business transacted electronically.