Files
| Attachment | Size |
|---|---|
| 34243gon370.pdf | 2.02 MB |
3 of 2011
The Companies Amendment Act 3 of 2011 aims:
- to amend the Companies Act, 2008, so as:
- to effect certain legal-technical and grammatical amendments in order to ensure the proper application and administration of the principal Act subsequent to its commencement;
- to correct certain errors resulting in inconsistency and ambiguity in the principal Act;
- to establish a proper foundation for certain necessary regulations;
- to continue the mechanisms established under section 335 of the Companies Act, 1973, which allow for the transfer of registration of foreign companies to the jurisdiction of the Republic;
- to further provide for companies trading under insolvent circumstances;
- to extend the grounds for disqualification as a director;
- to provide for the terms of office of members of the Companies Tribunal; and
- to provide for matters connected therewith.
Commencement
1 May 2011
