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Amendments to the Companies Act – Impact on Corporate Transactions

October 2014 - Corporate & Commercial. Legal Developments by Drew & Napier LLC .

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Amendments to the Companies Act - Impact on Corporate Transactions

17 Oct 2014

This update discusses the amendments brought about by the Companies (Amendment) Bill in the following key categories of corporate transactions and the potential issues which stakeholders may face in practice:

(a) the provision of loans and quasi-loans to, and entry into credit transactions with directors, or entities connected with directors;

(b) the provision of financial assistance by a company for the acquisition of its own shares; and

(c) the compulsory acquisition of shares.

To read the update, please click here.