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 | May 20, 2021 | Companies Act, Company, Corporate, Shares
Firstly, it is important to understand that a shareholder is the owner of equity in a company and is by virtue of being such a holder entitled to enjoy certain rights, with such rights associated with the class of shares held and the rights associated with classes of...
by VDT Attorneys | Aug 8, 2018 | Business, Business Rescue, Commercial, Company, Director, Insolvency, Shares
The short answer to this question is no. Your company creditors should not be able to come after you personally. But, this is a qualified no. At the core of our company law is the concept of limited liability which implies that the shareholders and directors of the...
by VDT Attorneys | Dec 14, 2016 | Company, Corporate, Credit Act, Shares
In terms of the National Credit Act an agreement can be considered a credit agreement if it is a credit facility, a credit transaction, a credit guarantee, or any combination of the above. In the case where a party sells his shares to a purchaser and the agreement...
by VDT Attorneys | May 9, 2016 | Company, Shares
A share certificate is not a share itself, but is merely evidence of a share. A share is intangible property and has been described by our courts as being a bundle of rights which you own as shareholder. The nature and scope of these rights are usually set out in the...
by VDT Attorneys | May 9, 2016 | Commercial, Company, Shares
As a point of departure, it is important to understand what exactly is denoted by the concept of a “share”. Simply put, a share represents the measure of a shareholder’s (the owner of the shares) interest in a company and consists of a collection of personal rights...
