The Capital Maintenance Concept and Share Repurchases in South African law

Cassim, Farouk HI; Cassim, Rehana

dc.contributor.author	Cassim, Farouk HI
dc.contributor.author	Cassim, Rehana
dc.date.accessioned	2018-03-14T06:57:40Z
dc.date.available	2018-03-14T06:57:40Z
dc.date.issued	2004
dc.identifier.citation	2004 15(6) The International Company and Commercial Law Review 188–191	en
dc.identifier.issn	0958-5214
dc.identifier.uri	http://hdl.handle.net/10500/23674
dc.description.abstract	The South African Companies Act 61 of 1973 has partially abandoned the capital maintenance concept by repealing the statutory procedure for a reduction of share capital, by permitting dividends to be paid out of capital and more importantly, by permitting companies to repurchase their own shares. This article examines the effectiveness of the statutory provisions on share repurchases and the extent to which they are defective.	en
dc.language.iso	en	en
dc.publisher	The International Company and Commercial Law Review	en
dc.subject	Capital maintenance	en
dc.subject	Research Subject Categories::LAW	en
dc.subject	Share repurchases	en
dc.subject	Liability of directors	en
dc.subject	Rights of creditors and shareholders	en
dc.subject	Treasury shares	en
dc.subject	Companies Act 61 of 1973	en
dc.title	The Capital Maintenance Concept and Share Repurchases in South African law	en
dc.type	Article	en
dc.description.department	Mercantile Law	en