Reconsidering Distributions: A Critical Analysis of the Regulation of Distributions to Shareholders in the Companies Act of 2008, with Special Reference to the Solvency and Liquidity Requirement

Simple item page
dc.contributor.advisorSutherland, P. J.en_ZA
dc.contributor.authorVan der Merwe, Constant Pieteren_ZA
dc.contributor.otherStellenbosch University. Faculty of Law. Department of Mercantile Lawen_ZA
dc.date.accessioned2015-05-20T09:29:51Z
dc.date.available2015-05-20T09:29:51Z
dc.date.issued2015-03en_ZA
dc.descriptionThesis (LLM)--Stellenbosch University, 2015en_ZA
dc.description.abstractENGLISH ABSTRACT : The Companies Act 71 of 2008 introduces a completely new system for the regulation of distributions by a company to its shareholders. The preferred method for protecting the interests of creditors in distributions is now based on a solvency and liquidity test. Regrettably, the provisions setting out the requirements for distributions on the one hand and the solvency and liquidity test on the other have been poorly drafted. This thesis first explains and then applies an innovative interpretation theory to these provisions with a view to piecing together coherent content. The thesis finds that creative interpretations will not suffice in various places, meaning that substantive revision is required. The thesis concludes with brief amendment proposals and accompanying commentary.en_ZA
dc.description.abstractAFRIKAANSE OPSOMMING : Die Maatskappywet 71 van 2008 bied ‘n radikaal nuwe sisteem vir die regulering van uitkerings van 'n maatskappy aan sy aandeelhouers. Die voorkeur metode om die belange van skuldeisers in uitkerings te beskerm, is nou op ‘n solvensie- en likwiditeittoets gebaseer. Ongelukkig is die wetlike bepalings wat die vereistes vir uitkerings aan die een kant uiteensit, en die solvensie en likwiditeit toets aan die ander kant, swak opgestel. Hierdie tesis verduidelik eerstens die bepalings, en pas dan 'n innoverende interpretasie teorie op hierdie bepalings toe, met die doel om 'n samehangende inhoud daar te stel. Die tesis bevind dat kreatiewe interpretasies op verskeie plekke nie voldoende sal wees nie. Dit beteken dat substantiewe hersiening noodsaaklik is. Ten slotte bied die tesis kortliks wysigings-voorstelle met meegaande kommentaar.af_ZA
dc.format.extent141 pages ; illustrationsen_ZA
dc.identifier.urihttp://hdl.handle.net/10019.1/97133
dc.language.isoen_ZAen_ZA
dc.publisherStellenbosch : Stellenbosch Universityen_ZA
dc.rights.holderStellenbosch Universityen_ZA
dc.subjectCompanies -- Shareholders -- Regulationsen_ZA
dc.subjectCompany liquidity -- Law and legislationen_ZA
dc.subjectCompany insolvency -- Law and legislationen_ZA
dc.subjectUCTDen_ZA
dc.subjectSouth Africa -- Companies Act, 2008.en_ZA
dc.subjectSouth Africa -- Companies regulationsen_ZA
dc.subjectBusiness enterprises -- Law and legislation -- South Africaen_ZA
dc.titleReconsidering Distributions: A Critical Analysis of the Regulation of Distributions to Shareholders in the Companies Act of 2008, with Special Reference to the Solvency and Liquidity Requirementen_ZA
dc.typeThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
vandermerwe_distributions_2015.pdf
Size:
2.29 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Masters Degrees (Mercantile Law)