1887

oa De Rebus - Illicit outflow of capital from South Africa eliminated by statutory duties placed on directors : case note

Volume 2015, Issue 556
  • ISSN : 0250-0329

 

Abstract

In this article a simple illustration is first given of the concepts of semi-privatisation and privatisation. Secondly, common law duties and fiduciary duties of directors under the Companies Act 71 of 2008 (the Act) are discussed. Lastly, the case of (GSJ) (unreported case no 38587/2011, 12-4-2012) (Tshabalala J) is cited in terms of the far-reaching ramifications on directors in light of deterring directors from engaging in illicit outflow of capital activities.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/derebus/2015/556/EJC176410
2015-09-01
2016-12-11

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error