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Our regular legal articles and blogs will ensure that you remain updated with the latest and most relevant news and developments in the legal world.

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Filter: Shares
Could a sale of shares be subject to the National Credit Act?

14 December 2016

My company holds shares in a larger construction company worth about R5 million. I’m looking at selling my shares to... an interested party that the construction company is also happy with. However, the party can only pay a deposit of R1,5 million and thereafter the remainder in monthly installments over a period of 18 months with an interest of prime plus 1%. My bookkeeper says I must be wary of falling under the National Credit Act. Could this be a possibility?

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150
Article
If I am not listed in the share register, am I the owner of the shares?

09 May 2016

I bought shares in a company a few years ago and was provided with a share certificate. I recently attended... a shareholders’ annual meeting and was told that I am not allowed to vote because I was not listed in the company’s share register. Does that mean that I don’t legally own the shares and that I have no rights as a shareholder?

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109
Article
What shares can my company have?

09 May 2016

I want to set up a private company for my business and have an investor that is interested in providing... some seed capital but asked for preference shares in return. I’m not quite sure though what the difference between a preference share and an ordinary share is. Can I lose control over the company if I give him preference shares?

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92
Article

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