n Professional Accountant - New Companies Act should mean additional business for SAIPA members : opportunity

Volume 2010 Number 1
  • ISSN : 1680-7537


When the Companies Act 71 of 2008 comes into play, the phasing out of close corporations (CCs) will begin. No new CCs will be allowed to form once the Act comes into operation, although existing CCs can remain in operation. It is safe to assume that people wishing to register new CCs would instead opt to register a private company as allowed by the Companies Act 71 of 2008.

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