Financial assistance to directors - the Companies Act 71 of 2008

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dc.contributor.authorJooste, Richard
dc.date.accessioned2016-01-26T06:57:53Z
dc.date.available2016-01-26T06:57:53Z
dc.date.issued2010
dc.date.updated2016-01-19T10:05:44Z
dc.description.abstractTransactions between a company and its directors, which benefit the company at the company’s actual or potential expense, are to an extent regulated by ss 37, 226 and 297 of the current Companies Act 61 of 1973. These provisions are flawed and this article examines the corresponding (but by no means equivalent) provisions of the new Companies Act 71 of 2008, which is expected to be brought into force in 2010. The article seeks to show that the new provisions are also unsatisfactory. It reveals that the provisions are in certain respects too far-ranging and that, in others, treat directors too leniently. The article also exposes problems of interpretation which impact significantly on the effectiveness of the new provisions. The article demonstrates that the provisions need legislative attention.en_ZA
dc.identifier.apacitationJooste, R. (2010). Financial assistance to directors - the Companies Act 71 of 2008. <i>Acta Juridica</i>, http://hdl.handle.net/11427/16547en_ZA
dc.identifier.chicagocitationJooste, Richard "Financial assistance to directors - the Companies Act 71 of 2008." <i>Acta Juridica</i> (2010) http://hdl.handle.net/11427/16547en_ZA
dc.identifier.citationJooste, R. (2010). Financial Assistance to Directors-The Companies Act 71 of 2008. Acta Juridica, 165.en_ZA
dc.identifier.issn0065-1346en_ZA
dc.identifier.ris TY - Journal Article AU - Jooste, Richard AB - Transactions between a company and its directors, which benefit the company at the company’s actual or potential expense, are to an extent regulated by ss 37, 226 and 297 of the current Companies Act 61 of 1973. These provisions are flawed and this article examines the corresponding (but by no means equivalent) provisions of the new Companies Act 71 of 2008, which is expected to be brought into force in 2010. The article seeks to show that the new provisions are also unsatisfactory. It reveals that the provisions are in certain respects too far-ranging and that, in others, treat directors too leniently. The article also exposes problems of interpretation which impact significantly on the effectiveness of the new provisions. The article demonstrates that the provisions need legislative attention. DA - 2010 DB - OpenUCT DP - University of Cape Town J1 - Acta Juridica LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 SM - 0065-1346 T1 - Financial assistance to directors - the Companies Act 71 of 2008 TI - Financial assistance to directors - the Companies Act 71 of 2008 UR - http://hdl.handle.net/11427/16547 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/16547
dc.identifier.vancouvercitationJooste R. Financial assistance to directors - the Companies Act 71 of 2008. Acta Juridica. 2010; http://hdl.handle.net/11427/16547.en_ZA
dc.languageengen_ZA
dc.publisherJuta Lawen_ZA
dc.publisher.departmentDepartment of Commercial Lawen_ZA
dc.publisher.facultyFaculty of Lawen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.sourceActa Juridicaen_ZA
dc.source.urihttp://reference.sabinet.co.za/sa_epublication/ju_jur
dc.titleFinancial assistance to directors - the Companies Act 71 of 2008en_ZA
dc.typeJournal Articleen_ZA
uct.subject.keywordsCompanies Acten_ZA
uct.subject.keywordsFinancial assistance to directorsen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceArticleen_ZA
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