Companies Act No 31 of 1909
The 1909 Companies Act was known as the “Transvaal Act”. After South Africa was established as a Union, each province had its own Companies Act. There is no indication that the 1909 Act was amended on provincial level. Later on, a new Act was written, namely the “1926 Companies Act”, and it was based upon the 1909 Act. Most South African textbooks cite only the 1926 and 1973 Companies Act, without any reference to the 1909 Act. This historic legislation is however relevant to fully understand the background to South African company law. Furthermore, the 1909 Act contains more than 26 definitions, such as: a special resolution, private company, debenture, director, share and prospectus. Most of these concepts are still relevant today, 110 years later.
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Chapters
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An introduction to the characteristics of the Companies Act 31 of 1909
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Companies Act no 31 of 1909
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1. Constitution and Incorporation
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2. Distribution and Reduction of Share Capital, Registration of Unlimited Company as Limited, and Unlimited Liability of Directors
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3. Management and Administration
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4. Winding-up
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5. Foreign Companies
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6. Application of Act
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7. Winding-up of unregistered companies
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8. Miscellaneous provisions
References
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