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Companies Amendment Act, No. 35 of 1998
To amend the Companies Act, 1973, so as to further define certain words used in the Act; to further provide for the reservation and registration of a translation of a company name and the substitution of the memorandum of association of a company with a translation thereof; to require that stamp duty be paid in certain circumstances where preference shares are redeemed; to further regulate the indemnification and warranty furnished for the transfer of securities of any company; to redefine offers of shares not being offers to the public; to increase the additional fees payable in the event of a company having failed to hold its annual general meeting within the prescribed time limits; to provide that the disposal of the undertaking or greater part of the assets of a company shall be an affected transaction regulated by the Securities Regulation Panel; to allow a company to insure itself against liability; to extend the powers of an inspector in relation to an investigation into the affairs of a company; to provide for the appointment of an acting executive director of the Securities Regulation Panel; to provide anew for the composition of the Securities Regulation Panel; to enable the Securities Regulation Panel to require from a person to lodge any book, document or other object necessary for an investigation with the Panel; to further provide for the signing of summonses; to provide anew for the circumstances under which certain information may be disclosed; to provide anew for the limitation of liability of the Securities Regulation Panel, its members, employees and representatives in the performance of their functions; and to further regulate and prescribe penalties for offences; and to provide for matters connected therewith.
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