n Acta Juridica - Preface
|© Publisher:||Juta Law Publishing|
|Author||Tshepo Herbert Mongalo|
|Publication Date||Jan 2010|
|Pages||XI - XII|
When the company law reform process was officially launched in early 2003, it might have been easy to dismiss as a far-fetched dream or fantasy the idea that South Africa would have a completely new statute by the end of 2008 to replace the Companies Act 61 of 1973, which had been the primary corporate legislation for thirty years. However, following a lengthy and arduous consultative process, the Parliament of the Republic of South Africa passed the new Companies Bill 61D of 2008 on 20 November 2008. The adoption by Parliament was followed by the signing of the statute into law by the then President, Kgalema Motlanthe, on 8 April 2009, after which it was gazetted on 9 April 2009, as the Companies Act 71 of 2008.
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