New Companies Act
Alterable / unalterable provisions in the Memorandum of Incorporation:
The new Companies Act has introduced two new concepts, being the "alterable provisions" and the "unalterable provisions" contained in the Memorandum of Incorporation (MoI).
managing internal relations in a close corporation
Starting a new business is an incredibly exciting step. One seldom stops to consider what would happen if your relationship with your business partner deteriorates to such an extent that the continued existence of the business itself is threatened.