The Companies Act No. 17 of 2015▤
Registration of resolution and supporting documents
(1) Within fourteen days after the resolution for reducing share capital is passed the company shall lodge with the Registrar for…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
What is a solvency statement?
(1) A solvency statement is a statement that each of the directors— (a) has formed the opinion, as regards the company's situation…
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The Companies Act No. 17 of 2015▤
Reduction of capital of private company supported by solvency statement
(1) A resolution for reducing share capital of a private company limited byshares is supported by a solvency statement if— (a) the…
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The Companies Act No. 17 of 2015▤
Expedited procedure for registration of conversion of company into a private company
(1) The Court may authorise a public company to be converted into a private company without its having passed the special resoluti…
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The Companies Act No. 17 of 2015▤
Public company reducing capital below authorised minimum
(1) If the Court makes an order confirming a reduction of a public company’scapital that has the effect of bringing the nominal va…
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The Companies Act No. 17 of 2015▤
Public companies: duty of directors to convene a meeting on loss of capital
(1) If the net assets of a public company are half or less of its called-up Share capital, the directors shall convene a general m…
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The Companies Act No. 17 of 2015▤
Shares no bar to damages against company
A person is not precluded from seeking or obtaining damages or other compensation from a company only because the person— (a) is h…
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The Companies Act No. 17 of 2015▤
Offence to conceal name of creditor, etc
An officer of a company who— (a) intentionally or recklessly— (i) conceals the name of a creditor entitled to object to the reduct…
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The Companies Act No. 17 of 2015▤
Liability to creditors omitted from list of creditors
(1) This section applies to a creditor who, in the case of a reduction of capital confirmed by the Court, was entitled to object t…
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The Companies Act No. 17 of 2015▤
Liability of members following reduction of capital
(1) If a company’s share capital is reduced, a member of the company (past orpresent) is not liable in respect of any share to any…
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The Companies Act No. 17 of 2015▤
Registration of Court order and statement of capital
(1) On production of an order of the Court confirming the reduction of a company’s share capital and the lodgement of a copy of th…
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The Companies Act No. 17 of 2015▤
Order confirming reduction and powers of Court on making such order
(1) The Court may make an order confirming the reduction of capital on such terms and conditions as it considers appropriate. (2)…
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The Companies Act No. 17 of 2015▤
Creditors entitled to object to reduction
(1) When this section applies, each creditor of the company who, at the date fixed by the Court, is entitled to a debt or claim th…
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The Companies Act No. 17 of 2015▤
Application to Court for confirming order
(1) As soon as practicable a company has passed a resolution for reducing itsshare capital, it shall apply to the Court for an ord…
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The Companies Act No. 17 of 2015▤
Special resolution for reduction of share capital
(1) A limited company that has a share capital may reduce its share capital byspecial resolution. (2) A special resolution under s…
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The Companies Act No. 17 of 2015▤
Notice to Registrar of sub-division or consolidation
(1) Within one month after subdividing, consolidating or dividing its shares, a company shall lodge with the Registrar for registr…
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The Companies Act No. 17 of 2015▤
Sub-division or consolidation of shores
(1) A limited company having a share capital may— (a) subdivide its shares, or any of them, into shares of a smaller nominal amoun…
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The Companies Act No. 17 of 2015▤
Alteration of share capital of limited company
(1) A limited company having a share capital may alter its share capital only—(a) by increasing its share capital by allotting new…
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The Companies Act No. 17 of 2015▤
Notice of particulars of variation of class rights
(1) If the rights of any class of members of a company not having a sharecapital are varied, the company shall, within fourteen da…
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The Companies Act No. 17 of 2015▤
Notice of name or other designation of class of members to be lodged with Registrar
(1) If a company not having a share capital assigns a name or other designation, or a new name or other designation, to any class…
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The Companies Act No. 17 of 2015▤
Notice of new class of members to be lodged with Registrar
(1) If a company not having a share capital creates a new class of members,the company shall, within fourteen days after the date…
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The Companies Act No. 17 of 2015▤
Notice of particulars of variation of rights attached to shares to be lodged with Registrar
(1) If the rights attached to shares of a company are varied, the company shall,within fourteen days after the date on which the v…
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The Companies Act No. 17 of 2015▤
Notice of name or other designation of class of shares
(1) If a company assigns a name or other designation, or a new name or otherdesignation, to any class or description of its shares…
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The Companies Act No. 17 of 2015▤
Copy of Court order to be lodged with Registrar
(1) Within fourteen days after the making of an order by the Court on anapplication under section 396 or 397, the company concerne…
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