Share buy backs - SchoemanLaw Inc

Key proposed amendments to the Companies Act

by Guest Author | Jan 24, 2019 | Commercial law, News

The South African Companies Amendment Bill (“the Bill”) was published on 21 September 2018. This marks the first amendments to the Companies Act No 71 of 2008 (“Companies Act”), since it came into effect. Some of the proposed amendments will soften difficult...

Share Buy-Backs and Waiver

by Nicolene Schoeman-Louw | Sep 19, 2018 | Commercial law, Publications

Investing in a private company is a personal decision contingent on sometimes, many personal factors. That being on the one side and on the other, the Company’s right to buy back shares. Companies are in terms of the Companies Act 71 of 2008, as amended (hereinafter...

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...

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