The lapsing of the two year ‘grace period’ under the Companies Act, 2008
“The so-called two year “grace period” under the Companies Act 71 of 2008 in respect of companies’ memoranda of incorporation (“MOI”) and shareholders agreements, lapsed on 1 May 2013.
What does this mean, and what are the risks for companies who have not undergone the exercise of updating their constitutional documents and aligning them with the Companies Act?”
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