Author: Karen Oosthuizen

The Companies Amendment Bill proposes amendments to section 33 of the Act.  This amendment requires a company to file a copy of their securities register with CIPC (share transfer register). CIPC have never kept record of the issued share capital of companies. This will be beneficial to many companies.  Many share registers have been lost, … Continued

A director may not be removed from the board of directors without reasonable opportunity to make a presentation at the meeting in terms of Section 71 of the Companies Act 71 of 2008.   A director may be removed by an ordinary resolution of the shareholders meeting by those entitled to exercise voting rights in … Continued