Johannesburg – The new Companies Act will definitely not come into force before March next year.
On Tuesday the Department of Trade and Industry published for public comment the act’s long-awaited draft regulations.
According to MacDonald Netshitenzhe, director of commercial law and policy at the department, the public will be able to comment on the regulations until March 1, after which the remarks will be processed.
The Companies Act, which was signed on April 9 in 2008, was expected to come into force by July 2010, but some experts were hoping to see this sooner.
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