Following our previous article titled 'Do you have to comply with the Consumer Goods and Services Industry Code of Conduct' the Minister of Trade and Industry has prescribed the Consumer Goods and Services Industry Code of Conduct ("the Code") as an Industry Code and accredited the Consumer Goods and Services Ombud as an accredited industry Ombud with effect from 29 April 2015.
To the extent that it has not yet amended or replaced its constitutive documents to bring them into line with the Companies Act, 2008 ("the Act"), a company incorporated before 1 May 2011 is required to call shareholders' meetings and pass resolutions in accordance with the provisions of the Act, and not in accordance with the provisions of its Memorandum and Articles of Association.
You intend to buy shares from an existing shareholder in a private company, you need to be aware of the restrictions on the transfer of those shares in the company's Memorandum of Incorporation ("MOI").
Each year, within 30 business days after the anniversary of its date of incorporation, a company (including a non-profit company), is required to lodge an annual return and pay the prescribed fee to the Companies and Intellectual Property Commission ("CIPC"). An annual return is essentially ....
On 3 October 2014, the Department of Trade and Industry (DTI) published the draft Consumer Goods and Services Industry Code of Conduct ("the Code") for public comment.