Understanding New Company Secretarial Forms  

Introduction  The new Companies and Other Business Entities Act (Chapter 24:31) (“COBE Act” or “the Act”) became effective in February 2020 repealing and replacing the Companies Act (Chapter 24:03) and

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Using Management Accounts in Business 

Introduction  This simplified article looks at how management accounts can be used to improvement business management and performance.  Field of accounting  Accounting essentially involves gathering, processing, production and communication of

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Transacting In New Shares Versus Existing Shares 

Introduction  I write to explain the difference between the issue or allotment of new shares compared to the exchange by shareholders of existing shares or shares already issued. I will

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Reviving A Company Under Corporate Rescue Proceedings 

Introduction  Corporate rescue is also known by other terms such as business rescue or judicial management. According to Section 121 of the Insolvency Act (Chapter 6:07), hereinafter (“the Act”) of

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Options To Address Creditors During Corporate Rescue 

Introduction  Corporate rescue is also known by other terms such as business rescue or judicial management. According to Section 121 of the Insolvency Act (Chapter 6:07), hereinafter (“the Act”) of

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First And Special Meetings of Creditors in Liquidations 

Introduction  In simple terms liquidation refers to the winding up of an insolvent debtor entity (juristic person) or an insolvent estate of a natural person. It usually involves the sale

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Protecting Interests of Minority Shareholders 

Introduction  Many times I have been asked by desperate clients to intervene when their rights as minority shareholders are at threat. This article seeks to explain some of the remedies

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About Share Capital of Private Companies 

Introduction  This articles touches on areas of interest to many entrepreneurs and executives. It is about ownership of a private company. Section 2 of the Companies and Other Business Entities

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Pitfalls To Avoid in Board and Shareholders Meetings 

Company meetings  Meetings constitute an integral part of a company’s governance systems in that they are used to plan, solve problems, exploit opportunities, manage risks and to co-ordinate company business,

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Rights Of Employees During Corporate Rescue of Insolvent Companies 

This article seeks to explain the effect of corporate rescue on company employees and the rights of those employees during the corporate rescue proceedings.  Corporate rescue  Corporate rescue is also

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