1956 companies act pdf namibia

Namibia tourism board act 200021 namibia water corporation act 199712 namibia wildlife resorts company act national fishing corporation of namibia act 1991 nature conservation amendment act, no 5 of 1996 nature conservation amendment act, no 5 of 1996 nature conservation general amendment act 1990 water act act no. This term is usually used to mean and refer to the acts of the corporations or the companies that are taken outside the power or authority granted to them by law or under the charter of the corporation. Read both companies act 20 1956 in a unique manner with inbuilt links to rules, sections etc. Pension fund act 24 of 1956 namibia legal database. The indian companies act 1956 free pdf ebook cakart. Explosives act 26 of 1956 south african police service. Companies act means the companies act, 2004 act no.

The whole of this act has been repealed by section 34 1 of the. The whole of this act has been repealed by section 34 1 of the explosives act 15 of 2003, a provision which will come into operation on a date to be fixed by the president by. Companies act 71 of 2008 english text signed by the president assented to. Pension funds amendment act, 2001 pdf version act no. The whole of this act has been repealed by section 34 1 of the ex plosi ves act 15 of 2003, a provision which will come into operation on a date to be fixed by the president by proclamation in the gazet te. The companies act 20 has 464 sections and 7 schedules. It denotes a joint stock enterprise in which the capital is contributed by a large number of people. Mines and works act 27 of 1956 south african government.

Pension funds act 24 of 1956 namibia legal database. The pdf file you are about to download is not created by writinglaw. Doctrine of ultra vires under companies act 1956 the doctrine of ultra vires is a latin term which means beyond powers. Links are given for guidelines for setting up a new. A company has distinct name and limited liability, it is a juristic person having a separate legal entity different from its members who constitute it, capable of rights and duties of its own and endowed with a potential or perpetual succession. Mining act and minerals policy are largely outdated, and one supporting legislation is similarly out of date i. Friendly societies act 25 of 1956 sa legal assistance centre. Pension funds act 24 of 1956 pension funds regulations 4 if the valuator referred to in subregulation 3aii has not been employed by the. Section 31 ii of the act states that an existing company means a company formed and registered under any of the previous companies laws. The companies act, 1956 prescribes specific procedures for incorporation and registration of companies. Read both companies act 201956 in a unique manner with inbuilt links to rules, sections etc. The word company means an association formed by a number of persons for some common object. Section 3 1 i of the companies act, 1956 defines a company as a company formed and registered under this act or an existing company.

Companies act, 1956 repealed all earlier companies acts. This act shall be called the general law amendment act, 1956. This can also be accessed via cakart android app and can be read on move using your android mobile phones. Be it enacted by parliament in the sixth year of the republic of india as follows. Procedures for incorporation and registration of companies. The indian companies act, 1956 basic concept the word company. Deloitte namibia changes to the 2004 companies act made.

Companies act, 1956 board of directors share repurchase. The companies amendment act and companies bill are also provided for the readers. The 20 act is divided into 29 chapters containing 470 sections as against 658 sections in the companies act, 1956 and has 7 schedules. Certain powers to be exercised by board only at meeting.

Section 31i of the companies act, 1956 defines a company as. Our mission is to promote a safe and stable environment for members of retirement funds, so that obligations of all stakeholders are met when due through our commitment, professionalism and teamwork. In india, the companies act, 1956, is the most important piece of legislation that empowers the central government to regulate the formation, financing, functioning and winding up of companies. Companies act, 1956 based on the recommendations of h. Content introduction definition characteristics of a company types of company 2. Government gazette national planning commission of.

Bhaba committee the biggest of all procedural laws in country was enacted on april 1. Amends section 219 of the companies act 46 of 1926. Signed by the president as amended by act to provide for. To provide for the incorporation, management and liquidation of companies. Based on the conclusions few suggestions including amendments in the companies act 1956 have been recommended. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Court of namibia, the master of the high court hereby gives notice pursuant to section 174 and 401 of the insolvency act, 1973, and sections 3561, 3641 and 429 of the companies act, 1973, that a first meeting of creditors, contributories, members or debenture holders of. In addition to england and our country, the status of the doctrine of ultra vires in other countries has been discussed. Namibia financial institutions supervisory authority act 3 of 2001 gg 2529 brought into. Deloitte namibia changes to the 2004 companies act made in 2011. Aug 24, 2009 a company has distinct name and limited liability, it is a juristic person having a separate legal entity different from its members who constitute it, capable of rights and duties of its own and endowed with a potential or perpetual succession. The doctrine of ultra vires is a latin term which means beyond powers.

General law amendment act 50 of 1956 english text signed by the governorgeneral as amended by. The companies act 20 is an act of the parliament of india on indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. Introductionwhat is company a company is an artificial person created by law. Links are given for guidelines for setting up a new company and for information on cost audit orders. Under this section, the entire companies act 201956 is analyzed for your understanding. Court of namibia, the master of the high court hereby gives notice pursuant to section 174 and 401 of the insolvency act, 1973, and sections 3561, 3641 and 429 of the companies act, 1973, that a first meeting of creditors, contributories, members or debenture holders of the said estates or companies will be held. The companies act, 1956 existing act contains 658 sections and xv schedules. Government gazette national planning commission of namibia. General law amendment act 50 of 1956 english text signed by the governorgeneral as amended by prisons act 8 of 1959 supreme court act 59 of 1959 general law amendment act 80 of 1964 general law amendment act 70 of 1968 formalities in respect of leases of land act 18 of 1969 abolition of juries act 34 of 1969 prescription act 68 of 1969. This provided that no further mixed unions would be allowed to register and sought to impose racially separate branches and allwhite executive committees on. Our mission is to promote a safe and stable environment for members of retirement funds, so that obligations of all stakeholders are met when due. India the companies act 1956 sec 25 power to dispense with limited in name of charitable or other company. Get detailed information on the companies act, provided by ministry of corporate affairs. Republic of namibia 5 annotated statutes regulations pension funds act 24 of 1956 pension funds regulations 4 if the valuator referred to in subregulation 3aii has not been employed by the.

Schedule province or union no and year of law title extent of repeal natal. Registration of external companies as companies in namibia. Please click on the left hand menu to explore more act 201956. Special offer on gst package for cas as per the mou with icai. Indian companies act 1956 authorstream presentation. Companies act 28 of 2004 gg 3362 brought into force on. Companies act 28 of 2004 legal assistance centrenamibia. A company means a group of persons associated together for the attainment of a common end, social or economic.

Short title, commencement and extent 1 this act may be called the companies act, 1956. However, the portions of this act which amended act 25 of 1956 came into force only after. Republic of namibia 4 annotated statutes regulations pension funds act 24 of 1956 pension funds regulations. Subject to the provisions of section 293a of the companies act, 1956 to contribute to the funds of any association or to any individual, firmor body corporate which in the opinion of the company is beneficial to the company. To engage, employ, suspend and dismiss agents, managers, workers, clerks and other servants and. Pension funds act 24 of 1956 legal assistance centre.

The act contains the mechanism regarding organizational, financial, and managerial, all the relevant aspects of a company. To amend the income tax act, 1981 so as to change the definition of pension fund by adding a require ment that such a fund shall be registered in namibia under the pension funds act, 1956 and by adjusting an amount specified in a certain provision required to be included in the rules of a pension fund. Most of the amendments made, however, relate to a modernisation of the act with wording amendments. Mine closure is largely absent from the minerals prospecting. Pdf companies act 1956 and 20 pdf download, high quality. Subjects to the applicable provisions of the companies act, 1956, to distribute among the members in specie any property of the company, or any proceeds of sale or disposal of any property of the capital be made except with the sanction if any for the time being required by law. Application of certain laws to namibia abolition act 56 of 1991 explosives amendment act 178 of 1993 explosives amendment act 83 of 1997 act to consolidate the laws. The board of directors of a company shall exercise the following powers on behalf of the company, and it shall do so only by means of resolutions passed at meetings of the board. Geological data derived from exploration companies is seen as incomplete and poorly archived, and a lost resource for namibia. If you agree then only proceed to download companies act 20 pdf. To provide for the registration, incorporation, regulation and dissolution of pension funds and for matters incidental thereto. Funds act, 1956 act 24 of 1956, trade unions and employers organizations, or co. Users can access links for getting complete details on the acts. Classification on the basis of number of members private company a private company means a company which has a minimum paid up capital of rs.