The 2006 Act allows written ordinary resolutions to be passed by a simple majority (51%) of those eligible to vote and written special resolutions by a 75% majority, rather than unanimity as previously required under the 1985 Act.
A Shareholders' Agreement is a written agreement between the shareholders or partners of a business. A Shareholders / Partnership Agreement covers the funding, structure, management and direction of the business.
procedure to issue debentures under the companies act, 2013 [Applicable Provisions: Section 56, 72, of the Companies Act, 2013 read with Rule 18 and 19 of the Companies (Share Capital and ...
What rights does a shareholder have? The rights any shareholder has in any particular company generally depend on the provisions of the Companies Act 2006, the company's articles of association, the terms of issue of the shares (which are usually in the articles, but sometimes are in a resolution) and any shareholders' agreement. Devising the right share capital structure is a complex business.
THE COMPANIES ACT No. 17 of 2015 Date of Assent: 11 th September, 2015 Date of Commencement: Section I on 15th September, 2015 ... Division 2 —Resolutions and agreements affecting company's constitution 27—Copies of resolutions or agreements recorded by Registrar.
A foreign company is incorporated outside of South Africa, irrespective of whether it is a profit or nonprofit company or carrying on business in South Africa or not. It may not offer securities to the South African public unless it follows the specific provisions of the Companies Act.
Sens announcement for RAND MERCHANT INVESTMENT HOLDINGS LIMITED – Submission of Resolution to the Company's shareholders in terms of Section 60 of the Companies Act 71 of 2008
15. Memorandum of Incorporation, shareholder agreements and rules of company 16. Amending Memorandum of Incorporation ... Legal nature of company shares and requirement to have shareholders 36. Authorisation for shares 37. Preferences, rights, limitations and other share terms ... Continued application of previous Act to windingup and ...
The Memorandum of Incorporation is defined as a document that sets out the rights, duties and responsibilities of shareholders, directors and others within a company, and by which a company is incorporated in the Act or a preexisting company was structured before the date that the Act .
The Companies Act 2008 (Act 71 of 2008) ("the New Act") was promulgated on 9 April 2009 and will come into force on a date to be gazetted by the President, which date cannot be earlier than 9 April 2010. In terms of the New Act, the Companies Act 1973 (Act 61 of 1973), as [.]
Harmony Gold (mining) Wikipedia, the free encyclopedia. Harmony Gold is the third largest gold mining company in South Africa, the 12th largest in the world (2009) .
What is a shareholders' agreement? A shareholders' agreement is, as you might expect, an agreement between the shareholders of a company. It can be between all or, in some cases, only some of the shareholders (like, for instance, the holders of a particular class of share).
Exchange Control. Foreign investors wishing to invest in South Africa must be aware of the exchange controls imposed by the SARB. The control is a system of transaction approval, which is usually delegated to commercial banks as "authorised foreign exchange dealers".
PetroSA continues to play an instrumental role in the country´s transformation through a range of activities that span the petroleum chain. Starting with the exploration and production of oil and natural gas, we sell petrochemical products to South Africa´s major oil companies and export petrochemical products to the international markets.. Our talent for innovation is recognised globally.
Companies in Kenya are regulated and registered under the Companies Act Cap 486 of the Laws of Kenya. Kenya's Companies Act is based upon the English Companies Act of 1948, and hence there is a lot of similarity between Kenyan law and English law in relation to companies.
In South Africa, the Trust Property Control Act, 1988 governs the formation and operation of trusts. Through a trust, trustees for the benefit of nominated beneficiaries can carry on a