Removal of directors without reason

Section 71 of the Companies Act, 2008 (herein the “Act“) allows for shareholders to vote on the removal of a director. Despite anything to the contrary in a company’s Memorandum of Incorporation or rules, or any agreement between a company and a director, or between any shareholder and a director, a director may be removed […]

Can a matter still be settled after legal action has commenced?

If the account of a consumer is in arrears with a registered Credit Provider, the Credit Provider will make a decision to commence with legal proceedings due to the default by the consumer. The consumer will receive a Section 129 Notice (where applicable) which will be issued in terms of the National Credit Act, which […]

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