Dec 4, 2024
Model contracts and standard terms and conditions usually facilitate the drafting of contracts. However, they come with their own challenges and risks. Model contracts are usually drawn up for standard situations and do not take into account the specific problems of each individual case....
Nov 5, 2024
Setting up a limited company is made easy, but dissolution is not. Dissolving a limited company is a carefully regulated process, where both the company law and tax issues have to be handled carefully and in the way required by law. The winding-up process involves...
Nov 5, 2024
Dismissal of an employee for reasons attributable to the employee requires the issue of a warning. The employer must ensure that the warning has been given correctly and that the reason for dismissal exists before proceeding with the dismissal, in order to avoid any potentially costly...
Nov 1, 2024
It is likely that every business will be subject to a tax audit at some point in its life. Below I set out how a tax audit works, the rights and obligations of the taxpayer and what to do in the event of an audit....
Nov 1, 2024
A merger under the Companies Act means a situation where the assets and liabilities of the merging company are transferred to the acquiring company and the merging company ceases to exist. A merger is a very definite process and usually takes about 5-6...
Nov 1, 2024
Acquisition of own shares refers to a situation where a company acquires its own shares from its shareholder voluntarily for consideration by agreement between the parties. The Companies Act gives a very free hand to the acquisition of own shares. On the other hand...
