commercial law - SchoemanLaw Inc

Share buy-backs and its dividends tax implications

by Guest Author | Aug 29, 2017 | Commercial law, Contract Drafting, Publications, Tax law

The Companies Act No. 71 of 2008, as amended (“the Act”), provides that a company may acquire its own shares to the extent that it is solvent and liquid, as more fully described in Section 4 of the Act. In essence, a share buy-back is a transaction where a company...

The Impact of the FICA Amendment Bill

by Nicolene Schoeman-Louw | May 25, 2017 | Uncategorized

The Financial Intelligence Centre Amendment Bill, commonly known as the FICA Bill was signed into law during April 2017. The FICA Bill brings about amendments to the Financial Intelligence Centre Act 38 of 2001 (“FICA”), which aims at combatting money laundering and...

The effect of a sale in execution for a deregistered close corporation

by Nicolene Schoeman-Louw | May 23, 2017 | Commercial law, Conveyancing and Property law, Publications

Immovable property has become a sought after asset in the debt recovery process. An applicant (the person who the money is owed to) may apply to the court for a Warrant of Execution (also called a Writ for short) after a judgment has been granted against the debtor to...

Blackmonday: The impact on your business

by Guest Author | Apr 21, 2017 | News

As many of you are aware, the announcement by the President of the Republic of South Africa, Jacob Zuma, on Thursday, 30 March 2017, regarding cabinet reshuffling, caused a great uproar in communities all over South Africa. One community in particular created the...

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The Impact of the FICA Amendment Bill

The effect of a sale in execution for a deregistered close corporation

Blackmonday: The impact on your business

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