The
Companies Bill 2008 includes the revised Companies Bill, together with the Explanatory Memorandum setting out the objects of the Bill.
The Bill, passed by parliament in 2008, arose from the Department of Trade and Industry policy paper for the reform of South African corporate law entitled South African Company Law for the 21st Century: Guidelines for Corporate Law Reform. This policy paper set out the changes deemed necessary to modernise South African company law.
The Act, expected to come into operation before 2010, could undergo minimal amendments before it is brought into operation by proclamation in the Gazette.
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