COMPANY LAW
BILL BEFORE SOUTH AFRICAN ASSEMBLY. PROTECTION OF THE PUBLIC FROM EXPLOITATION. By Telegraph—Press Association— Copyright. (Received This Day, 10.5 a.m.) CAPE TOWN, February 20. General Smuts introduced in the Assembly a Companies Act which aims to prevent abuses of company administration and exploitation of the public. Share hawking is strictly prohibited, also purchase of a company’s own shares, directly or through a subsidiary. Fines will be imposed for false statements in a prospectus. The accounts must disclose loans or remuneration paid to directors, who must disclose changes in names and nationality.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19390221.2.39
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Wairarapa Times-Age, 21 February 1939, Page 5
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93COMPANY LAW Wairarapa Times-Age, 21 February 1939, Page 5
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