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Since 1 May 2011, it has been impossible to incorporate a new close corporation in South Africa. There are, however, still hundreds of thousands of close corporations in existence. They are regulated chiefly by the Close Corporations Act. [13] A close corporation is a juristic person distinct from its members.
The object of section 49 of the Close Corporations Act is to come to the relief of the victim of oppressive conduct. The section gives the court the power to make orders "with a view to settling the dispute" between the members of a close corporation if it is just and equitable to do so. To this end the court is given a wide discretion.
The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade, Industry and Competition in South Africa. [1] The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) [2] as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service.
合同会社 (gōdō gaisha or gōdō kaisha, "G.K.") – lit. "amalgamated company", a close corporation form similar to the American LLC, introduced in 2006 有限会社 (yūgen gaisha or yūgen kaisha, "Y.K.") – lit. "limited company", a close corporation form for smaller businesses, abolished in 2006 and replaced by G.K. above
Aggrieved, SABMiller, which owned the Carling Black Label trademarks (and authorised South African Breweries to use them in South Africa), sued Laugh It Off in the High Court of South Africa. [ 2 ] SAB contended that Laugh It Off's use of its registered trademarks constituted trademark dilution in terms of section 34(1)(c) of the Trade Marks ...
The law of conveyancing in South Africa refers the legal process whereby a person, company, close corporation or trust becomes the registered and legal owner of immovable property, including improved and unimproved land, houses, farms, flats and sectional titles, as well as the registration of bonds and other rights to fixed properties, including servitudes, usufructs and the like.
The United States obligated nearly $440 million in assistance to South Africa in 2023, the most recent U.S. government da Trump to cut off funding for South Africa over expropriation act Skip to ...
Act no. Short title 1: National Public Health Institute of South Africa Act, 2020: 2: Border Management Authority Act, 2020: 3: National Minimum Wage Amendment Act, 2020: 4: Division of Revenue Act, 2020: 6: Defence Amendment Act, 2020: 7: Appropriation Act, 2020: 8: Civil Union Amendment Act, 2020: 9: Science and Technology Laws Amendment Act ...