Section 22 Companies Act

To provide for the incorporation registration organisation and management of companies the capitalisation of profit companies and the registration of offices of foreign companies carrying on business within the republic.

Section 22 companies act. Section 22 of companies act 2013 execution of bills of exchange etc. 3 nothing in this act shall affect the table in any repealed written law corresponding to table a in the fourth schedule in force immediately before the date of commencement of section 181 of the companies amendment act 2014 or any part thereof either as originally enacted or as altered in pursuance of any statutory power or the corresponding table in any former written law relating to. Execution of bills of exchange etc.

No registered open end company shall issue any of its securities 1 for services. 1 a bill of exchange hundi or promissory note shall be deemed to have been made accepted drawn or endorsed on behalf of a company if made accepted drawn or endorsed in the name of or on behalf of or on account of the company by any person acting under its authority express or implied. Rectification of name of company.

Section 22 of the companies act 2008 prohibits a company from trading under insolvent circumstances. This has led many commentators to draw attention to the differences between technical insolvency and commercial insolvency. Section 22 of the new companies act 2008 prohibits a company from trading under insolvent circumstances.

1 if through inadvertence or otherwise a company on its first registration or on its registration by a new name is registered by a name which in the opinion of the central government is identical with or too nearly resembles the name by which a company in existence has been previously registered whether under this act or any previous companies law the first mentioned company. To make other provision relating to companies and other forms of business organisation. The companies act 71 of 2008 aims.

Section 22 in the companies act 1956. Or 2 for property other than cash or securities including securities of which such registered company is the issuer except as a dividend or distribution to its security holders or in connection with a reorganization. Technical insolvency means that the value of the liabilities of a company exceeds the value of the assets of the company.