Examples of Old Companies Act in a sentence
References to SA Transferor in this paragraph (A) below are to a South African company or other entity which is in default under the Master Agreement but which has not been placed in liquidation under the Old Companies Act, the Insolvency Act or any other relevant legislation.
Accordingly, the winding-up of companies continues to be regulated by the Old Companies Act and the Insolvency Act.
During the financial year under report, the Company has complied with the provisions of the New Companies Act, 2013, Old Companies Act, 1956 to the extent applicable and the Rules, Regulations, Guidelines, Standards, etc., We further report that the compliance by the Company of applicable financial laws like Direct and Indirect tax laws has not been reviewed thoroughly in this audit since the same have been subject to review by statutory financial audit and other designated professionals.
Subject to paragraph 17(A)(b) (Liquidation and winding-up) – paragraph 17.7 below, the Companies Act has replaced the Old Companies Act in its entirety.
Section IX of this policy addresses IBT’s policies with respect to support services and confidentiality for victims of sexual violence.
The Transaction is regulated by section 228 of the Old Companies Act and PPS Holdco is therefore required to comply with the SRP Code in relation to the Transaction.
References to SA Transferor in this paragraph (f) below are to a South African company or other entity which is in default under the Master Agreement but which has not been placed in liquidation under the Old Companies Act, the Insolvency Act and any other relevant legislation.
The effect of section 35B(4) is that section 341(2)21 of the Old Companies Act and sections 26, 29 and 30 of the Insolvency Act do not apply to dispositions in terms of a "master agreement".
However, in terms of Section 224(3) the New Companies Act, the repeal of the Old Companies Act does not affect the transitional arrangements which are set out in Schedule 5 of the new Act.
In terms of section 361 of the Old Companies Act, custody of, or control over and vesting of property of a company takes place only after a winding-up by the court.