Removal of a Director from the Board

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The procedure for the removal of directors from the board of a company differs according to the number of directors serving on the board. Removal by Shareholders The shareholders of the company may by ordinary resolution remove a director from office at a shareholder’s meeting. The director must first have received notice of the resolution […]

Prescription

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PRESCRIPTION IN RELATION TO A DEBT   How long does a creditor have, to institute a claim for the recovery of a debt, that is due to him?   In terms of the Prescription Act no. 68 of 1969 (“the Act”) the period of enforceability differs according to the type of debt applicable.     […]