WebAN ACT to consolidate and amend the laws in force in Zimbabwe relating to the constitution, incorporation, registration, management, administration and winding up of companies and other associations, and for other purposes incidental thereto. Part I – Preliminary 1. Short title. This Act may be cited as the Companies Act [Chapter 24:03]. 2. WebSection 45 of the new Companies Act – Liability for loans and other financial assistance to directors – remains a thorny issue, writes Natasha Sexton Two years have passed and implementation of the new Companies Act 71 of 2008 should be in full swing, or is it? One area that has resulted in much confusion…

Ratification of Loans and financial assistance ... - RSM South Africa

WebSep 1, 2014 · In some jurisdictions this is enhanced by a legal duty on audit committees to appoint and remunerate auditors (Companies Act, 2008, IOD, 2009). Going hand-in-hand with improvements in the corporate governance arena is increased use of arms-length regulation for audit firms. ... A major criticism of s45 of the APA is that it requires any act of ... Webthe above parties”, section 45 extends to more than a traditional group of companies and incorporates an extremely wide pool of companies, close corporations, trusts and … ore spawning 1.19

Applicability of sections 44,45 and 46 of the Companies …

WebAug 13, 2013 · Each of s 44 and 45 provides that both a resolution/decision to provide financial assistance and the financial assistance itself is void to the extent that the … WebMCA WebAn intra-group transaction envisaged in section 45 of the Income Tax Act allows for the tax neutral transfer of assets between companies forming part of the same group. Any tax liability that would have been triggered will be deferred as a result. However, to prevent abuse of the corporate flexibility it allows, certain anti-avoidance ... how to use a power generator