Two types of companies may be incorporated under the Act, namely non-profit companies and profit companies. Profit companies may be incorporated under the following types: Private Companies Public Companies Personal Liability Companies State Owned Companies Non-profit Companies (NPC) A company incorporated for public benefit or other object relating to one or … Continue reading Different types of Companies in South Africa, Companies Act 2008
Tag: Legal liability
Before you accept that nomination as director to a company, you need to ensure that you are well aware of the obligations and duties of a director, as well as the legalities surrounding i.e. the process of resignation, removal or appointment. The new Companies Act, 71 of 2008 is quite a mouthful, but in particular: … Continue reading So you want to be a director of a company…?