NEWSFLASH ~ REVISED MEMORANDUM OF INCORPORATION & SHAREHOLDER’S AGREEMENT (30 APRIL 2013)


REVISED MEMORANDUM OF INCORPORATION (MOI) AND SHAREHOLDER’S AGREEMENT 

Further to the Newsflash below dated 22 November 2012, we would like remind you that the due date for submission of a revised Memorandum of Incorporation (MOI) and Shareholders Agreement in compliance with the Companies Act 71 of 2008 is approaching (30 April 2013).

As is explained in our Newsflash below, in light of the inherent deficiencies in the standard form MOI’s we would highly recommend that each company review their current shareholders agreements and MOi’s and submit a customized MOI by the cut off date of 30 April 2013 so as to avoid a situation in which the provisions of your current governing documents are declared invalid for non-compliance with the Act.

 If you have any further queries in relation hereto please don’t hesitate to contact us at: info@dawsons.co.za