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Never miss a beat on Africa's legal and regulatory landscape.

Bowmans

South Africa: Amendments to the Companies Act

The long-awaited amendments to the Companies Act have made their way into Parliament and will likely be promulgated imminently.

 

The amendment Bills are largely similar to previous drafts. The most material changes simply add clarity or relax require..

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Fluxmans

Companies Second Amendment Bill: DTIC moves on Zondo recommendations

On 14 August 2023 a notice was published in the Government Gazette to introduce two Amendment Bills to the Companies Act.

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MWC Legal

Crowdfunding: The New Frontier of Investing in the Capital Markets

On the 30th September 2022, the Capital Markets (Investment Based Crowding) Regulations (the Regulations) were published vide Legal Notice No. 176 of 2022 in the Kenya Gazette in accordance with section 12 A of the Capital Markets Act, 1989 (the Act).

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Werksmans Attorneys

The delinquent director: No tolerance for errant directors?

Errant company directors who fail to comply with their obligations set out in the Companies Act, 2008 (Companies Act), face the prospect of being declared “delinquent” under certain circumstances. As a director, the possibility of being declared delinquent under the Compa..

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Jackson, Etti & Edu

Persons with Significant Control Regulation 2022

On 23rd November 2022, The Ministry of Industry, Trade and Investment through its Minister, approved the Persons with Significant Control Regulation (''PSC Regulation''). The key objective of the regulation is to provide an effective framework and procedure for obtaining ..

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ENSafrica

Beneficial Ownership Registry: A solution to financial crimes?

The recent amendments to section 55 of the companies act, 2008 have introduced a comprehensive definition of a "beneficial owner," encompassing ownership, control, and material influence over a company. In this article, we explore the potential impact of the new definitio..

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KN Law

The Capital Markets (Investment-Based Crowdfunding) Regulations, 2022

The Capital Markets (Investment-Based Crowdfunding) Regulations, 2022 (the “Regulations”) have been gazetted. The Regulations enable start-ups and growing businesses to raise money from individuals or entities to either finance a project or business through crowdfunding p..

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Bowmans

South Africa: New reporting requirements regarding beneficial ownership in relation to trusts

South Africa is introducing new rules regarding the disclosure of beneficial ownership of assets as part of the measures to address its laws regarding anti-money laundering and the combatting of terrorism financing.

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Dentons

A review of the Business Facilitation Act and its impact on the Companies and Allied Matters Act 2020

The Business Facilitation (Miscellaneous Provisions) Act (the “Act”) became law when, on 14 February 2023, the President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the bill passed by the Senate in December 2022. The Act is a legislative brainchild of the..

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