Companies Amendment Act 82 of 1992

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82 of 1992

The Companies Amendment Act 82 of 1992 intends:

to amend the Companies Act, 1973 [repealed in 2011], so as
to delete the definitions of "controlled company" and "controlling company" and redefine "subsidiary";
to further regulate the conversion of stated capital into share capital;
to restrict the application of the share premium account of a company for certain purposes;
to make different provision in relation to the notice of certain meetings and the particulars required to be entered in a certain register in respect of the directors of a company;
to create a presumption in relation to certain transactions effected by a company without the required consent of all its members;
to alter the provisions in connection with the resignation of the auditor of a company and the appointment of another auditor;
to further determine the contents of the register of fixed assets of a company;
to further circumscribe the requirements of certain annual financial statements; and
to delete or replace certain obsolete references; and to provide for matters connected therewith.

1 July 1992