The Companies Act 71 of 2008, as amended by the Companies Amendment Act 3 of 2011, introduced many concepts, principles and rules that were foreign to South Africa?s common law. However, the new Act does not indicate clearly to what extent it replaces the common law. Corporate law for commerce students is thus a much-needed guide to the structure and fundamentals of the new company regime.
Corporate law for commerce students covers partnerships, business trusts, companies, close corporations and cooperative societies, each of which carry different rights and obligations, and ultimately liabilities, for the entrepreneur. It discusses all of these within the framework of the new Companies Act, the common law and recent court judgements. It includes figures, tables and mind maps to clarify each topic, and provides assessments at the end of each chapter.
Corporate law for commerce students is aimed both at students who are studying Commercial Law, business Entities or Corporate Law and practising accountants and auditors.
Part A Business undertakings
Chapter 1 Forms of business undertaking
Part B Partnerships
Chapter 2 The partnership concept
Chapter 3 Relationship between partners
Chapter 4 Relationship with third parties
Chapter 5 Termination and dissolution
Part C Companies
Chapter 6 Legal personality
Chapter 7 Development of company law in South Africa
Chapter 8 Types of company
Chapter 9 Company groups
Chapter 10 Incorporation of a company
Chapter 11 Capacity and representation
Chapter 12 Capital of a company
Chapter 13 Shares
Chapter 14 The Johannesburg Stock Exchange (JSE)
Chapter 15 Public offers
Chapter 16 Transparency, accountability and access to information
Chapter 17 Enhanced accountability and transparency
Chapter 18 Members and shareholders
Chapter 19 Company meetings and resolutions
Chapter 20 Directors
Chapter 21 Fundamental transactions
Chapter 22 Business rescue and compromise
Chapter 23 Winding-up of companies
Chapter 24 Dispute resolution, remedies and enforcement
Chapter 25 Regulatory agencies and transitional arrangements
Part D Close corporations
Chapter 26 The close corporation concept
Chapter 27 Incorporation, amendment and conversion
Chapter 28 Membership
Chapter 29 Internal relations
Chapter 30 External relations
Chapter 31 Liability
Chapter 32 Accounting
Chapter 33 Winding-up of a close corporation
Part E Trusts
Chapter 34 Trusts Part F Cooperatives
Chapter 35 Cooperatives
Annexure: Integrated assessments
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