Progress in company registrations
Cape Town - Members of Parliament and the Trade and Industry Minister Rob Davies yesterday praised the significant progress made by the Companies and Intellectual Property Commission (CIPC) in reducing the backlog in company registrations and name reservations.
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Sections of the Close Corporations Act repealedThe following sections of the Close Corporations Act are repealed in order to accommodate the consequential amendments that are necessary and to ensure that similar matters are dealt with identically in the two Acts. They are:
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Expanding employees’ duties under the new Companies ActJacques van Wyk, Director, and Andre van Heerden, Candidate Attorney The new Companies Act has expanded director duties and extended these to prescribed officers. This has implications for labour law, particularly as executive directors and designated officers are also company employees.
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