When drafting certain commercial agreements (including sale of business, sale of shares, subscription, sale of property and other form of agreements), you are faced with...
Calling meetings for the conclusion of transaction documents can be burdensome and unnecessary delays can negatively impact on a proposed transaction. The use of written...
Especially in smaller and medium companies, the issuance of shares is often done haphazardly without due regard to proper process or possible consequences.
I’m sure you...
Section 33(1) of the Companies Act 71 of 2008 (as amended) (“Companies Act”), states that every company must file an Annual Return. The Companies and Intellectual Property Commission (“CIPC”) announced that new requirements will apply for companies to declare…
In South Africa’s highly regulated corporate environment, anyone wanting to implement a transaction will have to keep their wits about them in making sure that...
The Honourable Minister of Finance read the 2016 South African budget speech on 24 February 2016. In this summary, we address only the revenue (i.e....
The South African Revenue Service (SARS) released Binding Private Ruling 208 (Ruling) on 8 October 2015. The Ruling concerned the use of subscription proceeds to...