n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Par-value Shares or No-par-value Shares - Is that the Question? : analyses
|Article Title||Par-value Shares or No-par-value Shares - Is that the Question? : analyses|
|© Publisher:||Juta Law Publishing|
|Journal||SA Mercantile Law Journal = SA Tydskrif vir Handelsreg|
|Author||Kathleen Van der Linde|
|Publication Date||Jan 2007|
|Pages||473 - 486|
In this analysis it will be argued that although certain consequences are perhaps more commonly associated with either par-value or no-par-value shares, the regulation of each of these types of share can differ substantially between jurisdictions. The ultimate choice between par-value and no-parvalue shares thus becomes almost inconsequential. A comparison of par-value and no-par-value shares as they are currently regulated in the Companies Act, is nevertheless a useful way of identifying certain key considerations that should inform the design of the preferred system.
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