In June 2008 the long-awaited new Companies Bill was tabled in the South African Parliament, with the intention that it be adopted in 2008 and become effective in 2010. The Bill seeks to re-write South African company law completely. It will have far-reaching effects, with changes to the rights of shareholders and directors' duties, and innovations in the area of 'fundamental transactions'.It is apparent that there has been an American influence on the Bill, although South African company law will retain its English roots.
September 24, 2008 at 10:37 PM
1 minute read
The original version of this story was published on Legalweek
The new Companies Bill aims to make company law in South Africa more accessible. Gareth Driver reports
In June 2008 the long-awaited new Companies Bill was tabled in the South African Parliament, with the intention that it be adopted in 2008 and become effective in 2010.
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