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COMPANIES (Different types of companies (Profit companies (Private…
COMPANIES
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For the purposes of our discussion, our focus will be on Private Companies and Public companies
A Public company will be allowed to list on the JSE and offer shares to the general public in order to raise capital
A private company may not be stated owned and it's Memorandum of Incorporation(MOI) has to specify that no shares will be offered to the public and shares are not freely negotiable or transferable
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This includes any company that was registered under the previous companies act( 61 of 1973) and a close corporation ( regardless of whether it has in the meanwhile been converted into a company)
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