Taxpayers Beware

Priyesh Modi
Oct 25, 2022
1 min read

With the enactment of Sec 20(9) of the South African Companies Act of 2008 (Validity of company actions), which only requires an “unconscionable abuse of the juristic personality of a company as a separate entity” for a court to pierce the corporate veil, will now make it easier for SARS to prove an abuse of a Company’s corporate existence.

#boardsofdirectors

#corporatefinance

#mergersandacquisitions

Recent Posts

See All

Pledge

In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...

Delegation of Authority

Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...

Suretyships and Guarantees

In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...