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Priyesh Modi
Jun 13, 2023
Ring-fenced Companies
The South African Companies Act of 2008 introduced provisions for the creation of ring-fenced companies. The primary purpose of...
Priyesh Modi
Jun 6, 2023
Regulation of External Companies
The South African Companies Act of 2008 brought significant changes to the regulation of external companies, which are foreign companies...
Priyesh Modi
May 30, 2023
Environmental, Social and Governance (ESG)
Environmental, social and governance (ESG) investing has gained significant prominence in both South Africa and globally, playing a...
Priyesh Modi
May 23, 2023
Shareholders who are Individuals
Having shareholders who are individuals can present a problem if any of them are married in community of property in South Africa. This...
Priyesh Modi
May 16, 2023
Dispose
The South African Companies Act of 2008 uses the term "dispose" without clearly defining the range of transactions that fall within its...
Priyesh Modi
May 9, 2023
Coporate Finance
The South African Constitutional Court confirmed that a loan that is repayable on demand becomes due and, accordingly, prescription...
Priyesh Modi
May 2, 2023
Security Arrangement
South African companies should carefully review their existing security arrangements before granting additional security and consider how...
Priyesh Modi
Apr 25, 2023
Majority of Independent Directors
In companies in South Africa where directors could be conflicted for diverse reasons, one way of addressing the problem is to have a...
Priyesh Modi
Apr 11, 2023
Sec 65(3) of the Companies Act
Make provision both in your Shareholders Agreement and your MOI for any significant shareholder (one who holds 10% or more of the issued...
Priyesh Modi
Apr 4, 2023
South African Companies Act of 2008
It is recommended that companies registered under the South African Companies Act of 2008 include provisions for an expedited process in...
Priyesh Modi
Mar 28, 2023
South African Companies Act, 2008 recognises “related”/”interrelated” relationships between persons
The South African Companies Act, 2008 recognises “related”/”interrelated” relationships between persons. Briefly, entities are...
Priyesh Modi
Mar 21, 2023
Dispositions
Guarantees, Suretyships, Co-principal Debtorships and Indemnities given are all “dispositions” and are subject to section 26 of the South...
Priyesh Modi
Mar 14, 2023
Section 129(7) of the South African Companies Act 2008
Section 129(7) of the South African Companies Act 2008 provides that if a board of a company has reasonable grounds to believe that the...
Priyesh Modi
Mar 7, 2023
Section 73(1) of the South African Companies Act, 2008 (as amended)
In terms of section 73(1) of the South African Companies Act, 2008 (as amended), a director authorised by the board of a company may call...
Priyesh Modi
Feb 28, 2023
Financial Assistance
In a landmark ruling the South African Supreme Court of Appeal (SCA) ruled that, “the matters mentioned in s 45(1)(a) [of the Companies...
Priyesh Modi
Feb 21, 2023
South African General Laws
The South African General Laws (Anti-Money Laundering and Combating of Terrorism Financing) Amendment Act, 2022 (recently promulgated)...
Priyesh Modi
Feb 14, 2023
Directors Remuneration
A director is not entitled to any remuneration for services rendered in his capacity as company director until approved by shareholders...
Priyesh Modi
Feb 7, 2023
SCA of South Africa
The SCA of South Africa has confirmed that a breach of fiduciary duty under the common law entails: a) something materially different...
Priyesh Modi
Jan 31, 2023
Holding a Director Personally Liable
There is a fine balance between holding a director personally liable as an accessory to a company’s negligence and the doctrine of...
Priyesh Modi
Jan 17, 2023
FTC Proposes Rule to Ban Noncompete Clauses
The USA's Federal Trade Commission (FTC) has proposed a new rule that would ban employers from imposing non-competes on their workers....
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