Raphael Chitambira

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Director’s disclosure of personal financial interests – What happens when you don’t walk away from the table?

By Raphael Chitambira and Stephen Kennedy-Good on May 12, 2020 Posted in General

A director of a company who has a personal financial interest, or knows that a related person has a personal financial interest, in a matter to be considered at a board meeting must disclose that interest and any other material information relating to the matter before it is discussed at the board meeting (section 75 … Continue reading

Remember to issue shares when converting a CC to a private company

By Raphael Chitambira on May 5, 2020 Posted in General

Since the passing of the Companies Act 2008 in May 2011 it is no longer possible to register a close corporation (CC). However, the Companies Act allows a CC that existed prior to 1 May 2011 to continue to exist or to convert to a private company. Business owners often opt to convert their CCs … Continue reading