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dGúÁ. Foreign branches and … Would it not be possible for NGOs to negotiate with Government to introduce an exception? CATS students are employed by one of the CATS member companies for two years. Background The Act was signed into law on 8 April 2009 and become operative from 1 May 2011. The NTA will act as a collecting agent and will be responsible for the administration of the VET fund in Namibia. Specifically, the commissioner must decide on how much representation in a particular workplace a union is allowed: You might be given a section 21 notice during a: rolling periodic tenancy fixed term tenancy - if there's a break clause It gives a date for you to leave your home. DTTL (also referred to as âDeloitte Globalâ) does not provide services to clients. Namibia Ministry of Labour Legislative Mandate The Ministry promotes the following mandates: The Labour Act, 2007 (Act No. No voting rights attach to these shares. Section 21 of the 1988 Act provides two different mechanisms under which a landlord can give notice to obtain possession of their property. If the private company does not, however, have its annual general meeting within 9 months of its year end, the Registrar, may on application by a member, require such a submission. 29 of … of the company named southern africa science service centre for climate change and adaptive land management (non-profit association incorporated under section 21) \\ \ 201'3-10'" 1 \ ellis shilengudwa 'ne p.o. Loans made and security provided by subsidiary 44. A share premium account can now be utilised in the redemption of preference shares, if in terms of the original issue and so authorised by its articles, that were issued before 1 November 2010. Namibia’s new Sectional Titles Act. under section 21”. Interest of up to 10% p.a. If a share offering is oversubscribed, the directors and officers of the company together with the company have 14 days to repay the money. Founded in 2003, Team Namibia is a Section 21 company (association not-for-gain) that enables Namibians to advance their own economically sustainable future by promoting the use of local products and services.Team Namibia members support the country’s national objective of sustained economic growth, as set out in the National Development … The Court may now prohibit a person from acting as a director for a period of time if: Loans given to directors and managers before 1 November 2010 by special resolution have to be ratified by all the members of the company. The directors of the company and its holding company are jointly and severally liable to restore the share capital of the company if the requirements of liquidity and solvency are not met. There are no available figures on the number of section 21 companies in existence in Namibia, but it is believed that there are not many of them. READ MORE. After 1 November 2010, applications will have to be made to the Minister for new associations or partnerships (other than those exempted already) with members exceeding 20. Section 40 deals with representations made to persons dealing with the company (about directors) while section 41 states that a person is not presumed to have knowledge of the contents of documents lodged with the Registrar, or available for inspection at the registered office, for example the memorandum of association. More onerous disclosure requirements have been created for annual returns to be made by companies, which is required to be lodged with the Registrar within one month of a companyâs financial year end. Public Private Partnership Act 4 of 2017. and liable to a fine or imprisonment if the disclosure is not made. Sections relating to names and defensive names have been amended to ensure names are in the official language, that the period of registration or renewal of a defensive name is two years (previously one year) and that every company must display its registration number alongside its name in all notices, official publications, money orders and stationery used. An agent of the landlord may give the notice on behalf of the landlord. The registered shareholder is to submit the required information within 14 days of receipt of written notice. Most of the formal civic organizations are registered as trusts, a far easier and cheaper window for registration. Power as to pre-incorporation contracts 43. DTTL (also referred to as âDeloitte Globalâ) does not provide services to clients. The effective date of the Act is 1 November 2010. Public Enterprises Governance Act 1 of 2019. A Private Company can have a minimum of 1 and a maximum of 50 shareholders, whereas a Public Company can have more than 50 shareholders. The sections relating to undesirable names has been amended to give the Registrar more authority. A company is to hold an annual general meeting not more than 9 months (previously 6 months) after every financial year end, or not more than 15 months after the date of the last annual general meeting. A company has the power to question any registered shareholder as to who holds the beneficial interest in securities, going back as far as three years if needed. In either case, since the coming into force of the 1996 Act, the notice must be in writing. Lithon South Africa. (previously 6% p.a.) No constructive knowledge 42. A subsidiary is now defined by control and not a majority shareholding percentage. Learn how this new reality is coming together and what it will mean for you and your industry. Section 66 of the Act provides that the business and affairs of a company must be managed by or under the direction of its board of directors, which has the authority to exercise all of the Notice of intention to convert a company is now 15 days, in the Gazette, before the date of the meeting, previously three days. Both NPOs and for-profit organisations are: 1. private, non-government organisations with self governing boards accountable to their owners or members (although NPOs also need to account to their donors and, arguably, to the general public since they claim to operate in the public interest).