Hon Chairperson and hon members, the Companies Bill provides for the repeal of the current Companies Act, Act 61 of 1973 and proposes a new legislative framework for the incorporation, registration, organisation and management of companies.
After conducting public hearings and a thorough consideration of the introduced Bill, the Portfolio Committee on Trade and Industry agreed on a number of substantive and legal technical amendments. Subsequently, the amending Bill, Bill No 61 of 2008 was sent to the NCOP for concurrence.