Companies Amendment Act 62 of 1968

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62 of 1968

The Companies Amendment Act 62 of 1968 intends:

to amend the Companies Act, 1926 [repealed in 1974], in order:
- to provide that directors and former directors of a private company limited by shares shall be liable jointly and severally, together with the company, for such debts and liabilities of such company as are or were contracted during their periods of office, if the memorandum contains a provision to that effect;
- that the Registrar shall not be obliged to keep documents of a private company lodged under section 26 for a period of more than two years from the date upon which they are so lodged; and
to provide for matters incidental thereto.

26 June 1968