n Without Prejudice - When shares with par value don't : company law
|Article Title||When shares with par value don't : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Andre De Lange|
|Publication Date||Oct 2009|
|Pages||16 - 17|
One of the biggest perceived changes brought about by the new Companies Act (71 of 2008), is the abandonment of the concept of par value shares. This article analyses the provisions of the new Act dealing with the transition of par value shares of pre-existing companies into shares without any par value. An attempt is also made to predict how this transition will be regulated.
Article metrics loading...