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Clyde & Co.

Tanzania Companies Act: New deadline for submission of the information in relation to beneficial owners

This briefing highlights the recent extension by the Minister of Industry and Trade (the Minister) of the deadline for submission of beneficial ownership information to the Registrar of Companies (the Registra..

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Punuka

Court Delivers Ruling on Pioneer Company Voluntary Arrangement (CVA) in Nigeria

It is no longer news that the provisions of the new Companies and Allied Matters Act (CAMA), 2020, which repealed and replaced the erstwhile Companies and Matters Act (CAMA), 1990 introduced several innovations aimed at improving business o..

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Pavestones

The Nigerian Startup Bill

The recently introduced Nigerian Startup Bill (“Bill”) is one development that is expected to improve the business environment for Startups in Nigeria when passed into law. It is aimed at creating a favourable environment for Startups by: p..

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ENSafrica

Does section 45 of the Companies Act apply to foreign companies?

When setting out the rights and duties of companies and their various role-players, the Companies Act, 2008 (the “Companies Act”) uses a number of terms to distinguish between different types of entities. It is only by taking care to note w..

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A&K Tanzania

Significant Changes for Mainland Tanzania Businesses Operating in Zanzibar

The Zanzibar Ministry of Trade and Industrial Development (the Ministry) recently issued a Public Notice dated 21 September 2021 on the amendment of the Zanzibar Companies Act No 5 of 2013 (the Companies A..

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Webber Wentzel

Draft Companies Amendment Bill - snapshot of key proposed amendments

A new draft of the Companies Amendment Bill has been published. Although the Bill clarifies many important company law issues; several ambiguities related to the current Act remain.
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AXIS and BLC Robert

The Finance Act 2021 Series Part 3 – Business Vehicles

The Finance (Miscellaneous Provisions) Act 2021 was gazetted on 05 August 2021 and it brings into force a number of amendments to the legislations in Mauritius. This segment of the joint Axis and B..

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ENSafrica

How does the indoor management rule in company law apply in Uganda?

The indoor management rule is a common principle, codified in Ugandan law. However, recent decisions from courts have applied the rule inconsistently, and have been a cause of concern as to what reliance can be placed on a company res..

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Goldsmiths Solicitors

How a Foreigner can Register a Local Company in Nigeria

Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set up a fully owned compa..

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