A trust has stood the test of time as a versatile estate planning tool and has been in use for many years to protect the assets of its beneficiaries. A trust has stood the test of time as a versatile estate planning tool and has been in use for many years to protect...
In for a penny, in for a pound In the recent matter of Price Waterhouse Coopers Inc and Others v IMF (Australia) Limited and Another 2013 (6) SA 216 (GNP), Botha J again confirmed the legality of champertous agreements, as previously decided by the Supreme Court of...
Section 1 of the Companies Act, No. 71 of 2008 (“the Companies Act”) Section 1 of the Companies Act, No. 71 of 2008 (“the Companies Act”) defines a Distribution as:- 1.1 The transfer by a company of money or other property of the company, to or for the benefit of one...
The Companies and Intellectual Property Commission previously exempted payment of the prescribed fees relating to conversion of close corporations to private companies, for a period of 3 (three) years, from date of commencement of the Companies Act, No. 71 of 2008....
Finance minister, Nhlanhla Nene, announced in his 2015 national budget that the rates and brackets for Transfer Duty will be adjusted with effect, 01 March 2015. The purpose of this adjustment, according to Jacques du Toit of ABSA Bank Limited, is to “provide relief...
