Question and answer
what will happen to close corporations under the new companies act
The new Act allows for existing close corporations to convert into a private company (governed under the new Act) should the members decide to do so, as is the position under the current (1973) Companies Act. [ All that is required is an official notice of conversion, a certified copy of the special resolution to approve the conversion and a new Memorandum of Incorporation along with the necessary fee. However, from the date that the 2008 Act becomes effective, existing companies may no longer convert into close corporations. ]
g
Expert answered|jher000|Points 7101|
Question
Asked 4/25/2012 1:46:19 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
31,231,233
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Regarding the Magna Carta,which statement is false?
Weegy: Magna Carta (Latin for Great Charter, literally "Great Paper"), also called Magna Carta Libertatum (Great ...
2/15/2020 8:05:40 AM| 2 Answers
Which one of the following symptoms indicates that a person is in the ...
Weegy: Racing heartbeat indicates that a person is in the alarm stage of stress. User: Exercise is a good way to ...
2/17/2020 10:48:00 PM| 2 Answers
At the beginning of "Young Goodman Brown," Brown's wife says, "Pray ...
Weegy: At the beginning of "Young Goodman Brown," Brown's wife says, "Pray tarry with me this night, dear husband, of ...
2/18/2020 3:45:25 PM| 2 Answers
The National Response Framework is a comprehensive guide to ...
Weegy: The National Response Framework is a comprehensive guide to prevention, protection, response, recovery, and ...
2/12/2020 12:46:48 PM| 2 Answers
what's math?
Weegy: The sum of 2/5 and 2/4 is 9/10. Solution: 2/5 + 2/4 = 8/20 + 10/20 = 18/20 = 9/10. User: What's biology?
2/12/2020 3:53:24 PM| 2 Answers
Share your beach.
W I N D O W P A N E
FROM THE CREATORS OF
weegy
WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. Share what’s outside your window and all around you. Earn a little too.
Top Windowpane Earnings
$172.20
Hearts 4,187 Views 1,082,586 Streams 508
$169.30
Hearts 3,693 Views 767,192 Streams 270
$163.15
Hearts 3,807 Views 1,468,313 Streams 525
$152.05
Hearts 3,231 Views 680,414 Streams 241
$141.25
Hearts 3,565 Views 819,919 Streams 343
$113.90
Hearts 2,723 Views 393,652 Streams 194
$110.00
Hearts 2,727 Views 550,889 Streams 344
$107.11
Hearts 2,186 Views 8,712 Streams 112
S
L
P
R
Points 651 [Total 3112] Ratings 2 Comments 541 Invitations 9 Online
S
L
P
P
P
Points 648 [Total 2935] Ratings 2 Comments 628 Invitations 0 Offline
S
L
P
P
P
1
Points 556 [Total 3759] Ratings 4 Comments 516 Invitations 0 Offline
S
L
Points 481 [Total 886] Ratings 9 Comments 391 Invitations 0 Online
S
L
P
P
Points 319 [Total 3340] Ratings 2 Comments 299 Invitations 0 Offline
S
L
Points 130 [Total 130] Ratings 1 Comments 120 Invitations 0 Offline
S
L
1
1
1
1
Points 105 [Total 803] Ratings 9 Comments 15 Invitations 0 Online
S
L
R
R
R
Points 60 [Total 1413] Ratings 0 Comments 0 Invitations 6 Offline
S
L
1
1
Points 50 [Total 480] Ratings 5 Comments 0 Invitations 0 Offline
S
L
Points 32 [Total 3928] Ratings 0 Comments 32 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.