Mareon Basson - 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...

Vicarious liability of employers

by Guest Author | Jul 17, 2017 | Employment law, Publications

It is trite law in South Africa that an employer will be vicariously liable for the negligent act of his or her employee/employees or agent/agents, in the event of the employee/employees or agent/agents acting in a negligent manner during the course of his/her...

Sale of Property: Compliance Certificates

by Guest Author | Jun 5, 2017 | Conveyancing and Property law, Publications

When immovable property is in the process of being sold, there are certain compliance certificates that are necessary to obtain before the transfer can be registered. Some of these certificates are obligatory in terms of legislation, depending on the particulars of...

Proxy Representation – The Supreme Court of Appeal’s interpretation of Section 58(1) and 58(3)(C) of the Companies Act, 71 of 2008

by Guest Author | Apr 25, 2017 | Commercial law, Contract Drafting, Publications

As most practitioners are aware, especially those who deal with the drafting of Shareholders Agreements or even Memoranda of Incorporation, we usually insert quite a lengthy clause dealing specifically with proxies, their appointment, their right to vote, etc. I don’t...

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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Vicarious liability of employers

Sale of Property: Compliance Certificates

Proxy Representation – The Supreme Court of Appeal’s interpretation of Section 58(1) and 58(3)(C) of the Companies Act, 71 of 2008

Blackmonday: The impact on your business

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