You have until 30 April 2013 to bring your shareholder agreements and your company’s “MOI” (what used to be called your “Memorandum and Articles of Association” is now a “Memorandum of Incorporation”) into line with the new Companies Act.
Don’t procrastinate on this one!
Take professional advice now on how to structure your MOI and shareholder agreements. If you delay, you risk not only the legal issues mentioned above but also extra cost (you will miss the window period to lodge with CIPC free of charge) and delay (both your advisors and CIPC will inevitably come under workload pressure as the deadline approaches).
© DotNews, 2005-2012. This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice.