Mondaq All Regions - South Africa: Corporate/Commercial Law
ENSafrica
Interestingly, the B-BBEE Commission acknowledges that the Codes, as currently drafted, do not provide for such limitations in claiming any enhanced recognitions status.
ENSafrica
On 1 November 2016, the South African King IV Report on Corporate Governance ("King IV") was published by the Institute of Directors in Southern Africa.
Thipa Denenga
On 25 May 2016, the National Council of Provinces passed the Financial Intelligence and Centre Amendment Bill being the final approval before a section 76 bill is delivered to the President for signature.
Thipa Denenga
Directors of companies will have to carefully consider the manner in which they conduct the affairs of companies. Recent case law proves that courts will not hesitate to grant orders of delinquency against directors.
ENSafrica
On 23 September 2016, the South African Registrar of Securities Services announced the commencement of certain amendments to the JSE Debt Listings Requirements (the "DLRs").
ENSafrica
In terms of the Regulations, all parties to a "major B-BBEE transaction" are required to register the transaction with the B-BBEE Commission.
ENSafrica
This could in turn expose companies and senior management to significant legal liability.
Phukubje Pierce Masithela Attorneys
In this video, Gugulethu discusses whether electronic correspondence between parties can create legally binding obligations, with specific focus on the matter between Gareth Cliff and M-Net and its outcome.
ENSafrica
The 2016 Budget Review contained a most welcome – if cryptic – statement for venture capital companies ("VCCs") and their investors.
Dentons
Conducting a legal due diligence is usually the preliminary step taken by an investor intending to enter into an asset or share sale transaction.
Dentons
Since the promulgation of the Companies Act 2008 (the Act), there has been a lack of clarity regarding the effect of the reinstatement of a deregistered company in terms of the Act.
ENSafrica
The enforcement of the trumping provision created a lot of uncertainty in the industry, especially as to the status of the existing Sector Codes.
ENSafrica
Section 51(1) of the Promotion of Access to Information Act 2 of 2000 requires all private bodies to compile and make available an information manual as further detailed in PAIA.
ENSafrica
The controversial so-called trumping provision of the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013 has come into force and effect as of 24 October 2015...
Clyde & Co
Unlike its predecessors, the Companies Act 71 of 2008 does not contain a specific provision to the effect that whenever an incorporated company is plaintiff in litigation, any defendant can demand that that the plaintiff company put up security for costs (provided that there is reason to believe that the plaintiff company is unable to pay the defendant's costs, if successful).
Shepstone & Wylie
If you intend to buy shares from an existing shareholder in a private company, you need to be aware of the restrictions on the transfer of those shares...
Shepstone & Wylie
The Act has brought about fundamental changes in the manner in which shareholder resolutions are passed.
Clyde & Co
Clyde & Co has successfully represented Peninsula Eye Clinic (Pty) Ltd in a ground-breaking judgment dealing with the restoration of companies under the Companies Act 71 of 2008.
Cox Yeats
Government is well under way in implementing its plan to "revamp" Broad-Based Black Economic Empowerment (BEE) in South Africa.
Dentons
South Africa's diverse economy, strategic role in Africa and political history create a unique business and regulatory environment.
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Shepstone & Wylie
The Act has brought about fundamental changes in the manner in which shareholder resolutions are passed.
ENSafrica
On 1 November 2016, the South African King IV Report on Corporate Governance ("King IV") was published by the Institute of Directors in Southern Africa.
Thipa Denenga
On 25 May 2016, the National Council of Provinces passed the Financial Intelligence and Centre Amendment Bill being the final approval before a section 76 bill is delivered to the President for signature.
Dentons
Conducting a legal due diligence is usually the preliminary step taken by an investor intending to enter into an asset or share sale transaction.
Dentons
Since the promulgation of the Companies Act 2008 (the Act), there has been a lack of clarity regarding the effect of the reinstatement of a deregistered company in terms of the Act.
Thipa Denenga
Directors of companies will have to carefully consider the manner in which they conduct the affairs of companies. Recent case law proves that courts will not hesitate to grant orders of delinquency against directors.
ENSafrica
On 23 September 2016, the South African Registrar of Securities Services announced the commencement of certain amendments to the JSE Debt Listings Requirements (the "DLRs").
Clyde & Co
Unlike its predecessors, the Companies Act 71 of 2008 does not contain a specific provision to the effect that whenever an incorporated company is plaintiff in litigation, any defendant can demand that that the plaintiff company put up security for costs (provided that there is reason to believe that the plaintiff company is unable to pay the defendant's costs, if successful).
ENSafrica
In terms of the Regulations, all parties to a "major B-BBEE transaction" are required to register the transaction with the B-BBEE Commission.
ENSafrica
This could in turn expose companies and senior management to significant legal liability.
ENSafrica
The 2016 Budget Review contained a most welcome – if cryptic – statement for venture capital companies ("VCCs") and their investors.
Dentons
South Africa's diverse economy, strategic role in Africa and political history create a unique business and regulatory environment.
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