368B. Savings and transitional provisions for existing particulars of directors and authorised representatives Flashcards
368B. Savings and transitional provisions for existing particulars of directors and authorised representatives
General overview
[368B.01] Pursuant to the amendment of s 368, the new s 368B provides saving and transitional provisions relating to the existing particulars of directors and agents that have been lodged with the registrar: Section 368B(1) and (2) clarify that the name and particulars of the existing director(s) and agents of a foreign company lodged before the commencement of Act No 36 of 2014 will be treated as the name and particulars of the company’s director(s) and authorised representatives respectively, until the registrar is notified of any change. In addition, the addresses stated therein shall be treated as the residential addresses of the director(s) and authorised representative: s 368B(2).
