This
contains UNCERTIFIED COPY for information/reference. For authentic
copy,
please refer to certified copy only. In case of any mistake,
please bring it to our notice.
| LegalB's Resources |
South
Africa
NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Corporate Laws Amendment Act, No.
24 of 2006
Long
title
To amend the Companies Act, 1973, so as to amend certain definitions and insert new definitions; to make a distinction between widely held companies and limited interest companies; to limit the liability of various office bearers to that arising from gross negligence in relation to the performance of their functions; to make further provision relating to the use of electronic aids in the furnishing of information relating to companies; to broaden the Minister's powers of delegation; to provide for new ways of giving notice; to make further provision regarding financial assistance for the purchase of a company's shares; to eliminate certain formalities regarding the memorandum and articles; to allow the registrar to restore the registration of a company which has been deregistered in certain circumstances; to make further provision regarding matters to be stated in a prospectus; to change the requirements relating to the disposal of the undertaking of a company; to make new provision in respect of the disclosure of information; to make new provision for the appointment of auditors and audit committees; to provide anew in respect of financial statements; to make new provision regarding the Securities Regulation Panel; to make provision in respect of financial reporting standards; to establish and make further provision for a Financial Reporting Standards Council and a Financial Reporting Investigations Panel; to create an offence in respect of non-compliant financial reports; and to amend Schedule 4 by inserting definitions and amending other provisions relating to financial reporting.
To amend the Close Corporations Act, 1984, so as to insert definitions; to make further provision relating to the use of electronic aids in the furnishing of information; to provide for new methods of giving notice; to make further provision with regard to disclosure of information; and to allow the registrar to restore the registration of a corporation which has been deregistered in certain circumstances; and to provide for matters connected therewith.
Table of contents
Legislation Text Access Point
To amend the Companies Act, 1973, so as to amend certain definitions and insert new definitions; to make a distinction between widely held companies and limited interest companies; to limit the liability of various office bearers to that arising from gross negligence in relation to the performance of their functions; to make further provision relating to the use of electronic aids in the furnishing of information relating to companies; to broaden the Minister's powers of delegation; to provide for new ways of giving notice; to make further provision regarding financial assistance for the purchase of a company's shares; to eliminate certain formalities regarding the memorandum and articles; to allow the registrar to restore the registration of a company which has been deregistered in certain circumstances; to make further provision regarding matters to be stated in a prospectus; to change the requirements relating to the disposal of the undertaking of a company; to make new provision in respect of the disclosure of information; to make new provision for the appointment of auditors and audit committees; to provide anew in respect of financial statements; to make new provision regarding the Securities Regulation Panel; to make provision in respect of financial reporting standards; to establish and make further provision for a Financial Reporting Standards Council and a Financial Reporting Investigations Panel; to create an offence in respect of non-compliant financial reports; and to amend Schedule 4 by inserting definitions and amending other provisions relating to financial reporting.
To amend the Close Corporations Act, 1984, so as to insert definitions; to make further provision relating to the use of electronic aids in the furnishing of information; to provide for new methods of giving notice; to make further provision with regard to disclosure of information; and to allow the registrar to restore the registration of a corporation which has been deregistered in certain circumstances; and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| 1. | Amendment
of section 1 of Act 61 of 1973... |
| 2. | Amendment
of section 8 of Act 61 of 1973... |
| 3. | Amendment
of section 9 of Act 61 of 1973... |
| 4. | Insertion
of section 17A in Act 61 of 1973 |
| 5. | Amendment
of section 20 of Act 61 of 1973 |
| 6. | Amendment
of section 28 of Act 61 of 1973 |
| 7. | Amendment
of section 29C of Act 61 of 1973 |
| 8. | Amendment
of section 35 of Act 61 of 1973 |
| 9. | Amendment
of section 38 of Act 61 of 1973... |
| 10. | Amendment
of section 43 of Act 61 of 1973... |
| 11. | Amendment
of section 44 of Act 61 of 1973... |
| 12. | Substitution
of section 61 of Act 61 of 1973 |
| 13. | Amendment of section 63 of Act 61 of 1973 |
| 14. | Amendment of section 64 of Act 61 of 1973 |
| 15. | Amendment of section 73 of Act 61 of 1973... |
| 16. | Amendment of section 144 of Act 61 of 1973... |
| 17. | Substitution
of section 148 of Act 61 of 1973... |
| 18. | Insertion
of section 148A in Act 61 of 1973 |
| 19. | Amendment
of section 173 of Act 61 of 1973... |
| 20. | Amendment
of section 215 of Act 61 of 1973... |
| 21. | Amendment
of section 228 of Act 61 of 1973... |
| 22. | Insertion
of section 261A in Act 61 of 1973 |
| 23. | Amendment
of section 269 of Act 61 of 1973 |
| 24. | Insertion
of sections 269A and 269B in Act 61 of 1973 |
| 25. | Amendment
of section 270 of Act 61 of 1973... |
| 26. | Insertion
of section 270A in Act 61 of 1973 |
| 27. | Amendment
of section 271 of Act 61 of 1973 |
| 28. | Amendment
of section 273 of Act 61 of 1973 |
| 29. | Substitution
of section 274 of Act 61 of 1973 |
| 30. | Insertion
of section 274A in Act 61 of 1973 |
| 31. | Amendment
of section 275 of Act 61 of 1973... |
| 32. | Insertion
of section 275A in Act 61 of 1973 |
| 33. | Amendment
of section 276 of Act 61 of 1973... |
| 34. | Amendment
of section 280 of Act 61 of 1973 |
| 35. | Amendment
of section 284 of Act 61 of 1973... |
| 36. | Insertion
of section 285A in Act 61 of 1973 |
| 37. | Amendment
of section 286 of Act 61 of 1973... |
| 38. | Substitution
of section 287 of Act 61 of 1973 |
| 39. | Insertion of section 287A in Act 61 of 1973 |
| 40. | Amendment of section 288 of Act 61 of 1973... |
| 41. | Repeal
of section 289 of Act 61 of 1973 |
| 42. | Substitution
of section 290 of Act 61 of 1973 |
| 43. | Repeal
of sections 291 and 294 of Act 61 of 1973 |
| 44. | Amendment
of section 300 of Act 61 of 1973... |
| 45. | Insertion of
section 300A in Act
61 of 1973 |
| 46. | Amendment of
section 303 of Act 61
of 1973 |
| 47. | Amendment of
section 304 of Act 61
of 1973 |
| 48. | Amendment of
section 305 of Act 61
of 1973 |
| 49. | Amendment of
section 419 of Act 61
of 1973 |
| 50. | Amendment of
section 440B of Act
61 of 1973... |
| 51. | Amendment of
section 440C of Act
61 of 1973... |
| 52. | Amendment of
section 440D of Act
61 of 1973... |
| 53. | Insertion of
Chapter XVB in Act 61
of 1973 |
| 54. | Amendment of
section 441 of Act 61
of 1973... |
| 55. | Amendment of
Schedule 4 to Act 61
of 1973... |
| 56. | Transitional
provisions |
| 57. | Amendment of
section 1 of Act 69
of 1984... |
| 58. | Amendment of
section 5 of Act 69
of 1984... |
| 59. | Substitution
of section 13 of Act
69 of 1984 |
| 60. | Amendment of
section 15 of Act 69
of 1984... |
| 61. | Amendment of
section 15A of Act 69
of 1984.. |
| 62. | Amendment of
section 26 of Act 69
of 1984... |
| 63. | Amendment of
section 27 of Act 69
of 1984... |
| 64. | Short title and commencement |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] |
Access Official Gazette PDF | Request Subscription Fee | Subscriber Access |
| As unamended Act 2006_024_000_20070417 | EXT.LINK | REQ.INFO | LINK |
* LegalB refers to a "version" of an Act or its sections in the format "YYYY_NNN_SSS_YYYYMMDD", which refers to "YEAR OF ACT_ACT NUMBER_SECTION OF ACT_DATE OF GAZETTE", and where "DATE OF GAZETTE" refers to the "YEAR_MONTH_DAY" on the face of the Gazette in which either the Act was originally published or in which the amending, lapsing or repealing instrument was published. Where any segment of the reference string contains only zeros, it means that information is not relevant, not made available, or unavailable.
* Unbolded grey text in square brackets is additional information provided by LegalB.
* "..." indicates further information not provided by LegalB for purpose of brevity
* An Asterisk indicates uncertainty regarding information, and a double asterisk indicates information must be read in the light of our relevant Commentary.