Institutional Repository

A company's share capital and the aquisition of its own shares : a critical comparison between the relevant provisions of the companies and act 71 of 1973 and the companies act 71 of 2008

Show simple item record

dc.contributor.advisor Beukes, Hendrik Gerhardus Johannes
dc.contributor.author Heapy, Stephanie Claire
dc.date.accessioned 2011-07-29T06:48:18Z
dc.date.available 2011-07-29T06:48:18Z
dc.date.issued 2010-11
dc.identifier.citation Heapy, Stephanie Claire (2010) A company's share capital and the aquisition of its own shares : a critical comparison between the relevant provisions of the companies and act 71 of 1973 and the companies act 71 of 2008, University of South Africa, Pretoria, <http://hdl.handle.net/10500/4660> en
dc.identifier.uri http://hdl.handle.net/10500/4660
dc.description.abstract The Companies Act 71 of 2008 (“2008 Companies Act”) will have far reaching effects on the manner in which a company is formed and operated under South African company law and in particular entrenches the procedure that must be followed by a company when acquiring its own shares. The radical amendment of the capital maintenance rules by the introduction of the solvency and liquidity tests to the Companies Act 61 of 1973 has been carried forward under the 2008 Companies Act. These tests impose an obligation on a company to ensure that the company is both solvent and liquid at the time of the acquisition of its own shares and for a stated period thereafter. The 2008 Companies Act further brings the duties and liabilities of the directors in line with their current fiduciary duties in terms of common law. en
dc.format.extent 1 online resource (34 leaves)
dc.language.iso en en
dc.subject Capital maintenance rules en
dc.subject Protection of shareholders en
dc.subject Protection of creditors en
dc.subject Capital maintenance rules en
dc.subject Share acquisition en
dc.subject Acquisition by subsidiaries en
dc.subject.ddc 346.662068
dc.subject.lcsh South Africa. Companies Act, 1973
dc.subject.lcsh South Africa. Companies Act, 2008
dc.subject.lcsh Stocks -- Law and legislation -- South Africa
dc.subject.lcsh Stock repurchasing -- Law and legislation -- South Africa
dc.subject.lcsh Stockholders -- Legal status, laws, etc. -- South Africa
dc.subject.lcsh Corporation law -- South Africa
dc.title A company's share capital and the aquisition of its own shares : a critical comparison between the relevant provisions of the companies and act 71 of 1973 and the companies act 71 of 2008 en
dc.type Dissertation en
dc.description.department Mercantile Law
dc.description.degree LLM


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search UnisaIR


Browse

My Account

Statistics