Comments must be submitted to companiesamendmentact@thedtic.gov.za by no later than Sunday, 31 October 2021.
The Bill amends the Companies Act, 2008 (Act 71 of 2008). Cabinet approved the current Bill for public consultation in August 2018 and the outcome thereof led to the redrafting of the amendments. The revised amendments provide more clarity in a number of clauses of the Bill, which seeks to reduce regulatory regime on businesses; tighten anti-money laundering gaps; strengthen the disclosure requirements and enhance the shareholder powers in a company.
the dtic Outlines the Main Features of the Draft Companies Amendment Bill, 2021
Background Note and Explanatory Memorandum on the Companies Amendment Bill
Luvuyo Ngwayishe
Parliamentary Monitoring Group
Contact luvuyo@pmg.org.za or comment@pmg.org.za
Tel 021 465 8885