Companies Act 2016

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ISBN: ca2016

Quick Overview

  • 620 Sections

  • 13 Schedule

  • Explanatory Statement (quick and easy to understand reference) - NEW EXTRA INFORMATION

  • 618 Pages 

  • Fines and Penalty - NEW EXTRA INFORMATION

With latest amendments Act A1605/2019, come into force 15-01-2020

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Companies Act 2016

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Revamping the Aging Companies Act 1965. The most important piece of legislation has finally received Royal Assent and has been Gazetted as the Companies Act 2016. The companies Act, 1965 has been amended from time to time in response to the changing business environment. This Act replaced Companies Act 1965 (ACT 125) and bring long-awaited reforms to our corporate landscape. The Act will greatly expand the present Companies Act 1965 where the Act contains more than 600 sections compared with the 374 of the present Act. Major changes and explains about the whole procedure of the how to form a company, its fees procedure, name, constitution, its members, and the motive behind the company, its share capital, about its general board meetings, management and administration of the company, including an important part which is the directors as they are the decision maker and they take all the important decisions for the company, their main responsibility and liabilities on the company matter the most. The Act explains about the winding of the business as well and what happen in detail during their liquidation period.

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