Search results
Results from the WOW.Com Content Network
External companies are those foreign companies which carry on business or non-profit activities within the Republic of South Africa, subject to sections 23(2) and 23(2A). What constitutes "carrying on business" was radically altered by the insertion of section 23(2A) with the first Amendment Bill.
But, in any event, he noted that the BSAC was a charter corporation and thus unlike a company registered under the Companies Acts, it was presumed to have all the capacity and powers of a natural person. Amongst other authorities, he cited the rule in the case of Sutton's Hospital (1612) 77 Eng Rep 960. [7]
In South Africa, from the new Companies Act 2008 which commenced in 2011, articles and memoranda of association have been replaced by a "memorandum of incorporation" or "MoI". The MoI gives considerably more scope to vary how to the company is governed than the previous arrangement.
For premium support please call: 800-290-4726 more ways to reach us
Charter International's origins can be traced back to the British South Africa Company, which was founded in 1889 by Royal Charter. [2] During 1965, on the initiative of Anglo American Corporation, the company merged with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company; the combined company was called Charter Consolidated. [2]
Gatenby v Gatenby and Others [1] is an important case in South African law, heard in the Eastern Cape Division by Jones J on March 28 and April 9, 1996, with judgment handed down on April 23. IJ Smuts appeared for the applicant, and MJ Lowe for the respondents.
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation. Contract law provides a legal framework within which ...
Metorex is a mining company based in Johannesburg, South Africa. It has assets in the Democratic Republic of the Congo (DRC), Zambia and elsewhere. [2] A takeover bid by the Jinchuan Group of China valued the company at US$1.1 billion. Since January 2012, the company is a wholly owned subsidiary of Jinchuan Group.