WebThe genesis of this debate is the wording of section 48(8)(b) of the Companies Act. That section stipulates that a decision by the board of directors of a company to acquire more than 5% of the company’s own shares, whether in one transaction or through a series of integrated transactions (“Qualifying Repurchase“), is subject to the ... WebApr 16, 2009 · The effect of section 40 of the Bill is that a company is now permitted to allot and issue partly paid up shares, subject to the conditions set out in section 40(5). In addition, in my view, an allotment and issue of shares by a company without it receiving the full agreed subscription price (as described in the scenario above), would not ...
THE COMPANIES ACT 2024 (ACT 992) CONSTITUTION FOR A …
http://www.thedtic.gov.za/wp-content/uploads/Companies_Act_Notebook.pdf WebMar 22, 2024 · If a company contravenes the provisions of Section 134, all the officers at fault will be liable along with the company. The punishment for the company consists of a penalty of three lakh rupees. Any officer at fault will be liable to pay fifty thousand rupees. This penalty is given under Section 134 (8) of the Act. boutique by djenna rijswijk
THE COMPANIES ACT 2024 (ACT 992) …
WebCompanies Act, 2008 (Act No. 71 of 2008) Rights that are promoted in the Companies Act Overview The Companies Act, 2008 (Act No. 71 of 2008) replaces the Companies Act, 1973 (Act No. 61 of 1973) and came into effect on 1 May 2011. The Minister of Trade and Industry has, in terms of Section 223 and Item 14 of Schedule 5 of the Companies … WebSection 974, Companies Act 2006 Practical Law coverage of this primary source reference and links to the underlying primary source materials. Links to this primary source To view … WebMarginal note: Temporary investments in entity 974 (1) Subject to subsection (3), an insurance holding company may, by way of a temporary investment, acquire control of, or acquire or increase a substantial investment in, an entity but, within two years, or any other period that may be specified or approved by the Superintendent, after acquiring control … boutique hrvatska