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 …
South African case law has overtime considered important policy considerations and legal principles in the enforcement of Restraints of Trade. These include: Contracts freely entered into by parties with capacity to do so are to be enforced (Pacta Sunt Servanda). The importance of competition in our economy. Section 225 of the Constitution of the Republic …
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There are numerous considerations necessary in the sale of business. The below information includes documentation which ought to be scrutinised by and on behalf of a potential purchaser. The benefit in requesting the information and supporting information pertaining to the business to be sold includes to: Obtaining objective information and consider the structure of the …
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