Key Considerations for Company Distributions

Tags: Companies Act Reading Time: 4 minutes Most often, when meeting the expectations of investors, it is thought to distribute profits in the form of cash dividends. However, the definition of a “distribution” in terms of the Companies Act, 71 of 2008, as amended, is...

Removing directors of a company

Tags: Companies Act, directors, Shareholders Reading Time: 3 minutes The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the authority to exercise all of the powers and...

Financial assistance to directors

Tags: Companies Act, Financial assistance, Income Tax Act Reading Time: 3 minutes A company lending money to its directors may not be as simple a process as it may initially appear to be – not even in the case of so-called “one-man” companies. There are various...