Articles

Business as usual for close corporations

One of the main objectives of the new Companies Act is to promote the development of the South African economy by simplifying the formation and maintenance of a company, and by doing so, facilitating the formation of a small private company comparable to a close corporation. ...

Resolutions of directors

Historically it has been commonplace for board resolutions, produced for the purposes of ordinary transactions or for litigation, to signed only by the company secretary or by the chairperson of a company....