by VDT Attorneys | Feb 8, 2022 | Business, Companies Act, Company, Corporate, Director
As a director of a company, you have certain fiduciary responsibilities towards the company, which includes disclosing financial interests that may have a bearing on your position as director. In this regard section 75 of the Companies Act 71 of 2008 (“Act”)...
by VDT Attorneys | Dec 14, 2021 | B-BBEE Act, BEE, Business
To answer this, it is important to outline the objectives of the Broad-Based Black Economic Empowerment Act 53 of 2003 (“B-BBEE Act””). The B-BBEE Act was enacted to redress historical disparities suffered by specific races in South Africa. It aims to do this by...
by VDT Attorneys | Nov 15, 2021 | Business, Commercial, Shareholding, Shares
What you are referring to is a share buyback, and such are an accepted method of disposing of your shares in a company as an alternative to selling to a third party. That said, share buybacks are strictly governed by the Companies Act 71 of 2008 and in particular...
by VDT Attorneys | Sep 14, 2021 | Business, Property, Property law, Real Estate, Residential, Zoning
To ensure that you can operate your medical practice from the relevant property, you will have to look at your title deed as well as at the zoning of the intended property. The title deed of the property may contain conditions that restrict the running of any business...
by VDT Attorneys | Sep 14, 2021 | Business, Company, Corporate, Shareholder
It is common practice for shareholders to appoint a proxy to represent them when they, as shareholders, are not available, able or inclined to attend a shareholders’ meeting themselves. On receiving notice of a shareholders meeting, a shareholder can then decide how...
by VDT Attorneys | Aug 10, 2021 | BEE, Business
Empowerment legislation in South Africa aims to redress the inequalities of the past not only from a race perspective, but also as regards gender. This is evidenced through numerous provisions in the B-BBEE Codes that specifically relate to black women representation...
