WebDec 18, 2024 · Part I – Law(s) Governing the eForm SH-9. Section 68(6) of Companies Act 2013. Where a company proposes to buy-back its own shares or other specified securities … WebSep 26, 2024 · Share buy-backs are governed by Section 48 of the Companies Act 71 of 2008 (“the Act”), which allows the Board of Directors (the “Board”) of a company to determine that the company will acquire its own shares, subject to a solvency and liquidity test. The Board’s rights to implement a buy-back are however limited by S48 (8) (b) of the ...
How to lodge a statement in relation to company solvency
WebNov 19, 2024 · 40 (1) The articles or by-laws of a corporation or, in the case of a corporation other than an offering corporation, a unanimous shareholder agreement, may provide that the corporation has a lien on a share registered in the name of a shareholder or the shareholder’s legal representative for a debt of that shareholder to the corporation, … WebThe December 2001 enactment of the Financial Services Commission Act, 2001 established the British Virgin Islands Financial Services Commission as an autonomous regulatory … lithuanian bank holidays 2023
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WebA company is insolvent if it is unable to pay its debts as and when they fall due for payment [section 95A of the Corporations Act 2001 (Cth)]. A director should be aware of a … Web• Section 347A of the Corporations Act 2001 requires that the directors of a company must pass a solvency resolution within two months after each review date for the company. • If … WebApr 9, 2024 · The content of a recent Companies and Intellectual Property Commission (CIPC) practice note in which the CIPC committed not to exercise its powers relating to temporarily insolvent companies must not be confused with the solvency and liquidity test. The board of a company is still obliged to fully apply the solvency and liquidity test … lithuanian banknotes