Business, Business Rescue, Company / Corporate / Compliance
The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a 2016 survey showed that more distressed businesses opted for an informal approach and appear to be more successful than...
Company / Corporate / Compliance
“‘Alternate director’ means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company” (Companies Act) Situations can arise where a director...
Business, Company / Corporate / Compliance
Small business has limited resources and optimising these resources is a balancing act. Part of this balancing act includes the role of compliance. These requirements have increased as new laws are rolled out along with other regulations, such as BEE and FICA, which...
Company / Corporate / Compliance
The Companies and Intellectual Property Commission (CIPC) has often been viewed as just an administrator and recorder of decisions made by companies. In February however, the CIPC issued a Compliance Notice to the Public Investment Corporation (PIC) instructing...
Company / Corporate / Compliance
In the life cycle of your company there will be times when you need to recapitalise the business. When would you need to issue shares? A basic requirement of the Companies Act (the Act) is that the company remain a “going concern” (have enough funding to remain...
Business, Company / Corporate / Compliance
Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the company deliver what it set out to do? These are valid questions and we should re-evaluate these concepts, particularly the...
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