Articles
FINAL GUIDELINES ON THE EXCHANGE OF COMPETITIVELY SENSITIVE INFORMATION HAS BEEN PUBLISHED
Contact writer:Tel: +27 12 428 8606Email: zvdwesthuizen@gminc.co.za
Read MoreCOMPETITION TRIBUNAL CONDITIONALLY APPROVES HEINEKEN-DISTELL MERGER
The order of the Competition Tribunal and the conditions can be accessed here: Contact writer:Tel: +27 12 428 8606Email: zvdwesthuizen@gminc.co.za
Read MorePUBLICATION OF DRAFT COMPANIES ACT REGULATIONS TO ENABLE BENEFICIAL OWNERSHIP OF SHARES TO BE DETERMINED
On 1 October 2021 the Companies Amendment Bill, 2021 (“the Bill”) was published. It proposed certain changes to the Companies Act (Act no. 71 of 2008) (“the Companies Act”) and recognised the current inadequacies of the Companies Act around establishing the identity of true owners of companies, and that transparency in respect of beneficial ownership…
Read MoreFinancial intelligence centre act: increase in the number of sectors as accountable institutions
The Minister of Finance has officially amended the schedules to the Financial Intelligence Centre Act (Act no. 38 of 2001) (“the FIC Act”) through the issue of Government Gazette 47596 , which amendments came into effect on 19 December 2022. The amendments relate to changes affecting accountable institutions listed in Schedule 1, supervisory bodies listed in…
Read MoreRemoval of a director by shareholders of a company: reasons not necessarily to be provided
Section 71(1) of the Companies Act, 2008 allows for the removal of a director of a company by the shareholders of that company, by way of an ordinary resolution adopted at a shareholders meeting. Section 71(2) describes the prescribed process that must be followed. It requires that before the shareholders of the company may consider…
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