by VDT Attorneys | Feb 26, 2026 | B-BEE, Companies Act, Companies Amendment Act, RF suffix in a company name
The Companies Act 71 of 2008 (“Act”), more specifically section 19(1)(b), states that a company has all the legal powers and capacity of an individual in South Africa, except to the extent that the juristic person is incapable of exercising a particular power or...
by VDT Attorneys | Feb 26, 2026 | Companies Act, Companies Amendment Act, King IV, King Report, Social and Ethics Committee
Mandatory SEC’s The Act recognises that companies function as corporate citizens, possessing not only rights but also corresponding responsibilities. To give effect to these obligations, the Act mandates the establishment of an SEC for specified categories of...
by Tenile Timmins | Mar 3, 2025 | Companies Act, Companies Amendment Act
Section 48 of the Act deals with the requisition of shares by a company or its subsidiaries from its shareholders. Before the Amendment Act, section 48 set out numerous prerequisites to be met in instances where a company intended to repurchase its own shares. The...
by VDT Attorneys | Sep 3, 2024 | AML, Anti-money Laundering Amendment Act, Beneficial Ownership, Companies Act, Company, Trust
While proper administration of a trust has always been a duty of trustees, the manner in which the duty is discharged is now under scrutiny, particularly following the arrival of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act...
by VDT Attorneys | Jul 24, 2024 | Annual Returns, Bona Vacantia, CIPC, Companies Act, Deregistration, Uncategorized
In the Goosen-case the legal proceedings centred around an urgent application by the applicant asking that Goosen Marketing CC be re-registered and reinstated by the CIPC so the close corporation can proceed with a separate trial. The CIPC is mandated to implement...
by VDT Attorneys | Jun 26, 2024 | Companies Act, Director liability,, Section 218(2)
In the matter of Venator Africa (Pty) Ltd v Watts and Another (053/20230) [2024] ZASCA 60 (24 April 2024), the Supreme Court of Appeal re-affirmed the principle that a company has a separate juristic personality from its directors/shareholders and that an aggrieved...
