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In Companies Act Circular Number 1, we pointed out that remuneration for directors for services as directors may only be paid in accordance with a special resolution approved by the shareholders within the previous two years. We also pointed out that companies may not make loans to directors unless: the loan has been approved by […]
With effect from 31 December 2011, all private bodies will be obliged to prepare a manual which complies with the Promotion of Access to Information Act. Private bodies include any individual or partnership which carries on a trade, business or profession and any juristic person (such as a trust, company or close corporation). The Promotion […]
On 24 December 2010, the Minister of Rural Development & Land Reform ("Minister") published the draft Land Tenure Security Bill ("the Bill") and invited comment on the Bill within 60 days. The Bill aims to regulate the rights of persons who reside on farms, who work on farms, persons who are associated with them and […]
