IndexCalendarMAN/FAQSoekLedelysGebruikersgroepeRegistreerTeken in
Neem asb kennis dat hiermee dit amptelik aangekondig word dat die KVB Forum sal skuif, gaan na die kaapsevryheidsburgers.org blad en volg die Forum skakel
Latest topics
» BYMEKAARKOM DAG
Sat Sep 25, 2010 4:28 pm by findmy012

» WAARSKUWINGS VLAKKE TOV SEKURITEITS STATUS
Sat Sep 25, 2010 4:27 pm by findmy012

» VROU IN HUIS VERWURG DEUR SWART ROWERS
Sat Sep 25, 2010 4:27 pm by findmy012

» FORUM WILL BE CLOSING!!!!!!
Sun Sep 05, 2010 9:38 pm by KVB000000002

» ANC GEORGANISEERDE MISDAAD SINDIKAAT IN BLOU TERREUR UNIFORMS
Tue Aug 24, 2010 9:02 pm by KVB000000002

» AND RATCONTROL
Tue Aug 24, 2010 8:58 pm by KVB000000002

» N DAG IN DIE LEWE VAN N BLANKE INWONER IN N WIT PLAKKERSKAMP
Thu Aug 19, 2010 10:38 pm by KVB000021133

» STAKENDE BOBBEJAANTROP OPPAD OM LAND SE EKONOMIE TE KELDER
Tue Aug 17, 2010 11:12 pm by KVB000000002

» WAAR IS DIE POSTE?
Tue Aug 17, 2010 10:50 pm by KVB000000002

Top posters
KVB000000002
 
KVB000000001
 
KVB000000005
 
KVB000021142
 
KVB000021126
 
KVB000021133
 
Arend
 
Admin
 
Ridder Van Die Langpad
 
KVB000021107
 
Wie is Aanlyn
Daar is slegs 1 gebruiker aanlyn :: 0 Geregistreerd, 0 Versteek en 1 Gas

Geen

Meeste gebruikers ooit aanlyn was 48 op Sat Apr 23, 2011 6:16 am
Statistics
Ons het 175 geregistreerde gebruikers
Die nuutste geregistreerde gebruiker is GK63

Ons gebruikers het altesaam 3166 artikels geplaas in 1809 subjects
SA Topsites
SA Topsites
::

Share | 
 

 New Companies Act 'flawed'

Besigtig vorige onderwerp Besigtig volgende onderwerp Go down 
SkrywerBoodskap
KVB000000001
Admin


Aantal posstukke : 1130
Join date : 2010-02-07

PosOnderwerp: New Companies Act 'flawed'   Tue Feb 16, 2010 5:30 pm

New Companies Act 'flawed'
2010/02/16 08:35:00 AM

Pretoria - Lindie Engelbrecht, outgoing chief executive of the Institute of Directors (IoD), is "cautiously optimistic" that the new Companies Act will not come into force this year.
She says the alterations to the act published in December deal with spelling and grammar errors, but neglect to say what these are or how they will be corrected.
Opportunity has been given for comments on the corrections, but this is probably a worthless exercise because no one knows what needs to be commented upon.
More than 200 pages of regulations have also been published in an effort to correct errors of principle in the legislation.
As soon as changes are made to legislative principles, an act has to return to the parliamentary process. The problem is that there are only two of the original trade and industry portfolio committee members remaining who were involved in the amendments.
The process of amending the act began in 2003. The first White Paper was published in 2004. The first version of the act was an unmitigated mess, says Engelbrecht unequivocally.
She is also extremely sceptical about the current act. Compliance will cost companies thousands of rands.
For the past five years government has been asked to do a cost analysis on the effect of new legislation, but this has not been done, she says.
She adds that there are enormous problems with the practical application of the act. One important "error" is that the act is in conflict with other legislation, such as the Competition Act and the Consumer Protection Act. It was written in total isolation from any other legislation, she says.
One aspect that has been vociferously criticised is the effect of company bailouts.
According to the new act, a company could find itself in the sphere of a company bailout if it experiences serious cash flow problems for a couple of months.
Bank loans, supplier and credit agreements, as well as long-term contracts are under threat from the requirements relating to company bailouts.
Contracts and loans currently entered into could simply be cancelled in 10 years' time should a company need to be bailed out.
This means that banks, suppliers and creditors could lose their rights in terms of this principle in the act.
The profession that will benefit most from the legislation is the legal profession, says Engelbrecht.
The new Companies Act is supposed to come into force on July 1 this year.
- Sake24.com
Terug na bo Go down
Sien gebruiker's profiel
 
New Companies Act 'flawed'
Besigtig vorige onderwerp Besigtig volgende onderwerp Terug na bo 
Bladsy 1 van 1

Permissions in this forum:Jy mag nie onderwerpe in hierdie forum beantwoord nie.
 :: Ekonomiese Belange / Besigheids geleenthede-
Spring na: