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KRG 200: Summary of Companies Act of 2008 - Corporate Capital & Corporate Finance (New Entrepreneurial Law, ISBN: 9780409122268 Commerical law (KRG200)Summary New Entrepreneurial Law, ISBN: 9780409122268 Commerical law (KRG200)$6.79
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KRG 200: Summary of Companies Act of 2008 - Corporate Capital & Corporate Finance (New Entrepreneurial Law, ISBN: 9780409122268 Commerical law (KRG200)Summary New Entrepreneurial Law, ISBN: 9780409122268 Commerical law (KRG200)
A comprehensive guide to the Companies Act of 2008 for KRG 200 students. It covers all the work required for our final exam. This section covers Corporate Capital & Corporate Finance (chapter 3&4). The notes are visually appealing and are taken from the Companies Act of 2008 and Piet Delports - New...
, A par value share is a
REGULATION 31 with a set price - i.e i
States that all par value shares need to be the fair market price
converted to non par value shares often lower than the
‣ Conversation must be approved by a special value
resolution
‣ The board must issue a report that states all info that
may influence the value of the shares
‣ This report must be made available to
shareholders before the meeting where the
voting will take place
‣ The report must also be filed with the CIPC &
SARS
, What is corporate Transfer of shares
finance?
Section 35 states that sh
movable objects that ca
transferred (section 35 o
to shares not all securitie
➡The way a company funds its activities - either
through issuing shares or getting a loan Transfer Process
➡Old Companies Act = share capital 1. Agreement to trans
➡New Companies Act = distinction between authorised & issued 2. Execution (deed of
shares 3. Registration
✴ Authorised Shares: shares that the company is entitled to issue by
** When shares are tr
the ‘MOI’
purchaser must be re
✴ Issued Shares: shares authorised & issued company register as a
✴Shares: a unit into which the proprietary interest (that a person
holds) in a company is held/divided (classified as movable
property).
‣ Ownership of shares does not give the right to the
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