oa Codicillus - The meanings of the concepts of main object, main business and ancillary objects and how these meanings affect ss 33, 34 and 52 of the Companies Act 61 of 1973
Ku-ss 33, 34 no-52 zeCompanies Act 61 ka-1973, kuphawulwa ngamagama athi main object, main business kanye nathi ancillary object. Lezi zigaba ziye zagxekwa ngababhali abaningi, futhi kwaphakanyiswa nezinguquko okumele zenziwe. Umbhali uphakamisa isixazululo sezinkinga ezitholakala kulezi zigaba esesekelwe emqondweni owejwayelekile oqukethwe yilawo magama asetshenzisiwe.
In ss 33, 34 and 52 of the Companies Act 61 of 1973, mention is made of the concepts of main object, main business and ancillary object. These sections have been criticised by many writers, and amendmends have been proposed. The author proposes a solution to the shortcomings found in these sections, based on the ordinary meaning of the concepts used.
Article metrics loading...