Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. Section 21ngo section 21ngo procedure to register nongovernmental organisations ngos and associations not for gain. Therefore where an inquiry is made pertaining to a namibian director in relation to negligence, reckless conduct or fraud, the legal rules are the same for all directors of a namibian company. Namibia publishes regulations under the biosafety act. Act online ministry of trade and industry, namibia consulted on 20080519 abstractcitation. Most of the amendments made, however, relate to a modernisation of the act with wording amendments. As such, it is intended to provide the reader or hisher entity with general information of interest. Companies act 28 of 2004 gg 3362 brought into force on. Of the republic of namibia contents page government notice no. Companies act 28 of 2004 legal assistance centrenamibia. Section 1 of the local authorities act, 1992 hereinafter referred to as the principal act, is hereby amended a by the deletion of the definition of delimitation. Most of the amendments made, however, relate to a modernisation of the act with wording amendments, from south west africa to namibia, to remove gender bias, to include namibian legislation.
Public procurement act, 2015 under section 791 of the public procurement act, 2015 act no. Companies act 28 of 2004 act legal assistance centre. Seal to be determined by act of parliament, which shall require a twothirds majority of all the members of the national assembly for adoption and amendment. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Deloitte namibia changes to the 2004 companies act made. It should firstly therefore be noted that the namibian companies act has no distinction between independent and executive directors. Registration of external companies as companies in namibia. Definitions of company, existing company, private company and public company 4. The namibian defence force established by section 5 of the defence act, 1957 act no. Please refer to schedule 5 of the new companies act, no. Pdf companies act 1956 and 20 pdf download, high quality.
Namibias constitution of 1990 with amendments through 2010. Nor is it a substitute for the professional advice you may need from legal practitioners, auditors, accounting officers or secretarial firms to assist you in the registration of your business. Operators were informed in writing, detailing the reasons. Call for comments to the draft summary financial statements, comments due to regulator by 16. Companies act 1963 act 179 section 1commencement spent. Understanding the new companies act pwc south africa. Signed by the president on 27 september 2002 be it enacted by the parliament of the republic of namibia as follows.
The namibian companies act, act 28 of 2004 the act contains a number of provisions that will directly impact all companies, directors and officers. Companies amendment act 3 of 2011 south african government. Companies act 2004 companies amendment act act no 9 of 2007 competition act 2003 act no. Agricultural commercial land reform amendment act, 2003.
Proclamation of companies act effective date 89kb pdf request for comments. Of the republic of namibia contents page government notice. Republic of namibia 18 annotated statutes regulations companies act 28 of 2004 companies administrative regulations, 2010. Portion of basic wage that may be paid inkind and calculation of the value of inkind payments 2. The following act which has been passed by the parliament and signed by the president in terms of the namibian constitution is hereby published in terms of article 56 of that constitution. Sep 01, 2016 updates on recent developments in namibian law. Act to provide for the incorporation, management and liquidation of companies. Guidelines for corporate law reform may 2004, a policy document developed by the department of trade and industry the dti. Defence act, 2002 8 chapter ii composition and organization of defence force continued existence and composition of defence force 2. New derivative action under the companies act, the.
The namibian constitution, other enabling legislation and international. Prohibition of partnership exceeding twenty m embers. Communications regulatory authority of namibia cran as soon as the communications act commences. Companies act 71 of 2008 english text signed by the president assented to. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. Admiralty court act 1861 admiralty court rules community courts act, no 10 of 2003 community courts act, no 10 of 2003 high court act 1990 high court. Provides for the incorporation, management and liquidation of companies. We expect that the bill will be passed as is and that. No 307 2012 competition act determination of threshold of annual turnover or value of assets below which part ii of chapter 3 of competition act, 2003. Namibia has published regulations relating to the development, production, marketing, transport and application of genetically modified organisms and specified products derived from genetically. To provide for the incorporation, management and liquidation of companies. Signed by the president as amended by act to provide for. Government gazetre of the republic of namibia r3,30 windhoek 27 august 1992 no. Act 8 of 2016 substitutes board for minister throughout the act, except in sections, 15, 987, 16 and 29, 1476, 3361 and 452.
Conferment of status of founding father of the namibian nation act, 2005 act no. Schlettwein minister of finance windhoek, 6 april 2018. The ncc informed operators about its decision to amend retail prices and enforce a price cap on offnet prices and prices for calls to. Funds act, 1956 act 24 of 1956, trade unions and employers organizations, or co. The namibian companies act 28 of 2004, amended 2011, contains a numberof provisions that will directly impact all companies, directors. The namibian companies act 28 of 2004, amended 2011, contains a numberof provisions that will directly impact all companies, directors and officers. Companies act 28 of 2004 companies administrative regulations, 2010 9. Deloitte namibia changes to the 2004 companies act made in 2011. It is not, however, a comprehensive text nor a substitution to the companies act and close corporation act. Promulgation of act of parliament the following act which has been passed by the parliament and signed by the president in terms of the namibian constitution is hereby published in terms of article 56 of that constitution. On 28 september 2004, the amendment bill to the namibian companies act, act 61 of 1973, was read for the third time in the national assembly. Does not apply to, as set out in the schedule published. Ro,40 government gazetre of the republic of namibia windhoek 24 april 1992 contents page government notices no.
Registrar and offices for registration of companies. Companies act 1993 no 105 as at january 2020, public. Power of company law board to call annual general meeting. Be it enacted by the parliament of the republic of namibia, as follows. Namibian constitution second amendment act 201007 namibian constitution second amendment act 201007. New investment act to bring wholesale changes the namibian. If you agree then only proceed to download companies act 20 pdf. Memorandum on the objects of the companies act no 71 of 2008. For guidance, the developers looked to south african company law for the 21st century. Application of act to existing companies and savings.
1243 329 479 564 865 650 434 878 360 280 1258 1017 189 1294 1018 1331 254 670 635 474 1569 1187 1092 1491 555 1078 185 610 88 1368 868 777 818 1021 1186 106 1332 674 1047