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Companies Bill, 2007
Conference on South African Company Law for the 21st Century, Pretoria, 19 March 2007.
The Bill represents a significant departure from the existing
statute and sets out to modernise the Companies Act of 1973,
aligning it with international jurisdictions and post-1994
South Africa. The Bill also reduces the cost of registering
and maintaining a company and the regulatory burden and
compliance costs for small and medium-sized businesses,
while enhancing corporate governance,
transparency and accountability of large and widely-held firms.
It will also result in improved regulatory oversight and better
redress for shareholders. Significantly, the Bill introduces
a new business rescue scheme that will facilitate the turnaround
of struggling firms.
BE IT ENACTED by the Parliament of the Republic of South Africa, as follows: -
Pages 1 - 145 (pdf)
Pages 146 - 223 (pdf)
Pages 224 - 376 (pdf)
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