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3 Cards in this Set
- Front
- Back
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Foreign company and external company |
A foreign company is a company incorporated out of outside of South Africa irrespective of whether it carries on business here. A foreign company is required to register as an 'external company' if it conducts it business in South Africa. |
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Close Corporations |
Close corporations may be converted into companies. No new close corporations can be registered and companies cannot be converted into close corporations after the effective date of the Act. |
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Types of property |
Legal objects, as previously mentioned, maybe divided into things, performances, immaterial property and personality property. Each legal object has its own characteristics that distinguish it from the other legal objects. |
