Companies Amendment Bill 2021: Disclosing the “True Owner” of Shares
The draft Companies Amendment Bill 2021 (“the Bill”) was published for public comment during October 2021. It aims to amend the existing Companies Act 2008. This Bill introduces a brand new concept of a “true owner” of securities in a company which is, in summary, the ultimate beneficial owner of such shares that is a […]
Companies Amendment Bill 2021: Access to Information of a Profit Company
The draft Companies Amendment Bill 2021 (“the Bill”) was published for public comment during October 2021, and aims to amend the existing Companies Act 2008 (“the Act”). This Bill proposes certain amendments to section 26 of the Act which records what rights certain people have to access certain information about and records of a company. […]
Companies Amendment Bill 2021: Shareholder Approval of Remuneration for Directors
The draft Companies Amendment Bill 2021 (“the Bill”) has been published for public comment during October 2021, and aims to amend the existing Companies Act 2008. This Bill introduces a new section 30A which deals with a company’s remuneration policy and remuneration report. The section only applies to public or state owned companies, and not […]