Financial assistance to directors - the Companies Act 71 of 2008

 

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dc.contributor.author Jooste, Richard
dc.date.accessioned 2016-01-26T06:57:53Z
dc.date.available 2016-01-26T06:57:53Z
dc.date.issued 2010
dc.identifier.citation Jooste, R. (2010). Financial Assistance to Directors-The Companies Act 71 of 2008. Acta Juridica, 165. en_ZA
dc.identifier.issn 0065-1346 en_ZA
dc.identifier.uri http://hdl.handle.net/11427/16547
dc.description.abstract 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. en_ZA
dc.language eng en_ZA
dc.publisher Juta Law en_ZA
dc.source Acta Juridica en_ZA
dc.source.uri http://reference.sabinet.co.za/sa_epublication/ju_jur
dc.title Financial assistance to directors - the Companies Act 71 of 2008 en_ZA
dc.type Journal Article en_ZA
dc.date.updated 2016-01-19T10:05:44Z
uct.type.publication Research en_ZA
uct.type.resource Article en_ZA
uct.subject.keywords Companies Act en_ZA
uct.subject.keywords Financial assistance to directors en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Law en_ZA
dc.publisher.department Department of Commercial Law en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Jooste, R. (2010). Financial assistance to directors - the Companies Act 71 of 2008. <i>Acta Juridica</i>, http://hdl.handle.net/11427/16547 en_ZA
dc.identifier.chicagocitation Jooste, Richard "Financial assistance to directors - the Companies Act 71 of 2008." <i>Acta Juridica</i> (2010) http://hdl.handle.net/11427/16547 en_ZA
dc.identifier.vancouvercitation Jooste R. Financial assistance to directors - the Companies Act 71 of 2008. Acta Juridica. 2010; http://hdl.handle.net/11427/16547. en_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


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