Why change?

Political changes
Global changes in how businesses function and operate
Need for higher standards in corporate governance
Increase in international trade emphasis
The need to modernize company law

New features

•   MOI

•   Director’s liability

•   Director to be declared delinquent

•   Remedy for oppressive and prejudicial conduct

•   Audit requirements

•   No Par value Shares

•   Regulation

•   Business Rescue