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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Companies Amendment Act, No. 35 of 1998

Long title


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.

Table of contents

SECTION TITLE
1.  Amendment of section 1 of Act 61 of 1973...
2.  Amendment of section 42 of Act 61 of 1973...
3.  Amendment of section 43 of Act 61 of 1973...
4.  Amendment of section 50 of Act 61 of 1973...
5.  Substitution of section 57 of Act 61 of 1973
6.  Amendment of section 98 of Act 61 of 1973...
7.  Substitution of section 138 of Act 61 of 1973
8.  Substitution of section 144 of Act 61 of 1973...
9.  Amendment of section 179 of Act 61 of 1973...
10.  Amendment of section 228 of Act 61 of 1973
11.  Amendment of section 234 of Act 61 of 1973
12.  Amendment of section 247 of Act 61 of 1973
13.  Amendment of section 259 of Act 61 of 1973...
14.  Amendment of section 440A of Act 61 of 1973...
15.  Amendment of section 440B of Act 61 of 1973...
16.  Amendment of section 440D of Act 61 of 1973...
17.  Amendment of section 440I...
18.  Substitution of section 440J of Act 61 of 1973...
19.  Amendment of section 441 of Act 61 of 1973...
20. Substitution of word
21.  Transitional provision
22.  Short title

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