Archive Issues
of Laboratory
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Archive Issues Of Laboratory
| Edition 6,
October 2009 |
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The legal nature of a share will remain fundamentally the same under the new corporate law regime. A share, in the current Companies Act (61 of 1973), is defined as a share in the share capital of a company. Share capital, at present, may be divided into shares having a par value and no par value. Given that the par value of a share seldom bore any realistic relationship with the market value, the new Companies Act (71 of 2008) provides only for no par shares and a share is defined as one of the units into which the proprietary interest in a profit company is divided. |
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| In this issue : |
- corporate law reform series
: Definition, Alteration and Issue of Shares
- financial reporting, uncertainty and tax
- contracts: Unwitting Repudiation
- trading contracts
: Tree or Fruit
- Competition: Tribunal not to Overdo Deference to the Commission
- Employment: Automatic Termination Clauses are not Permissible
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