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When must a director disclose a financial interest?

08 February 2022

Being a director in a company does not necessarily stop you from holding shares in other companies. However, should your... company transact with another company in which you have a shareholding stake and from which you could potentially benefit, it becomes important that you disclose such financial interest to your co-directors, even if you can’t influence the transaction.

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309
Article
Companies Act Amendment Bill – less red tape or more?

14 December 2021

I understand there are amendments being proposed to the Companies Act? Will this help make life easier or harder for... our company? It feels as if there is always just more red tape whenever the law changes.

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323
Article
How long is a proxy valid for?

14 September 2021

I was recently appointed as a proxy to represent a shareholder at an upcoming shareholders meeting. Unfortunately, the meeting has... been rescheduled two months later, and I was wondering if the proxy will still be valid then or would I need to have a new proxy issued by the shareholder for the meeting?

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248
Article
The liability of company directors

04 October 2018

A friend of mine has a good business concept and he has asked me to come on board as a... partner. He wants to set up a company and make both of us directors in the company. I want to be part of the business but I’m not sure about being a director and what my liability may be?

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239
Article
When do you have to appoint an auditor for your company?

10 September 2018

I’ve just started my own private IT company. As a new business, I want to limit unnecessary expenses. I know... there will be accounting costs but am not sure if I already have to appoint an auditor for the business. I would like to avoid this cost if I can?

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166
Article
Can I ask the municipality to extend the period to appeal?

08 August 2018

Our company recently tendered for municipal work. The tender was awarded to another company and the municipality published a notice... allowing 21 days within which to lodge an appeal. We missed the notice because of the school holiday period and did not appeal. When we asked the municipality for an extension of the notice period to appeal, they refused. I still think we could be the successful tenderer if we could get a chance to show the municipality! Can we force them to allow us to appeal?

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175
Article

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