share buy back

Brief synopsis on what not to forget when considering a share buy-back in terms of the Companies Act, 2008

14th January 2019|Commercial Law|

There are 4 main sections of the Companies Act, No. 71 of 2008 (the “Act”) that need to be taken into account (aside from sections 44 and 45 governing the provision of financial assistance) when a company buys back shares from a shareholder, namely: Section 4: which provides that the company must be able to

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