Company law

Are you over the limit? South African law and blood alcohol content

Globally South Africa (SA) is rated as the sixth highest per capita consumer of alcohol. The Road Traffic Management Corporation (RTMC) State of Road Safety Report: Calendar January – December […]

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Taking your slice of the shareholder pie: A discussion on authorised and issued shares

Authorised shares in a company are the maximum amount of shares that the company is authorised by its memorandum of incorporation (the MOI) to issue to shareholders. The company’s board […]

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Fighting with your shadow – understanding the concept of non-executive and shadow directors

Before I discuss the concept of a shadow director and a non-executive director, I must first explain what a director is. Section 66 of the Companies Act 71 of 2008 […]

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The difference between a non-profit company and a non-profit organisation

The idea of giving and helping others (charity) has been around since the beginning of time. Unfortunately, with the passing of time, and as humans became more evolved, charitable organisations […]

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Non-existent plaintiff – Dealing with misdecriptions in citations

By Fareed Moosa In HUV Cape Spice v Hotspice Sauces CC (WCC) (unreported case no 22227/2010, 10-5-2011) (Louw J) the respondent, Hotspice, was placed under provisional liquidation. This order was […]

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Debt collecting against a deregistered close corporation or company

By Perino Pama The process of deregistration The Companies and Intellectual Properties Commission (CIPC) has placed numerous companies and close corporations (CCs) in the process of deregistration for failing to […]

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