Discription

From 1 May 2011 company law in South Africa was dramatically altered: the 1973 Act which had governed companies for the lifetimes of most business people and lawyers in South Africa was replaced by the Companies Act of 2008, as amended in March 2011. A new era of company law dawned, and with it, a host of new concepts, rights, remedies, obligations, procedures and sanctions were introduced. These fundamentally affect the way that every business operates and the advice and practice of every lawyer, accountant or professional adviser. This practical guide offers insight into the Act and provides essential advice on navigating the transition from the old Companies Act to the new.