THE COMPANIES ACT NO. 71 OF 2008
WHAT NON-PROFIT ORGANISATIONS
NEED TO KNOW

In April 2009 the Companies Act No. 71 of 2008 was promulgated and replaces the 35 year old Companies Act No. 61 of 1973. The passing of this Act is the result of a lengthy and rigorous legislative review process that involved widespread public participation. For the purpose of this fact sheet we will refer to the Companies Act No. 71 of 2008 as “the new Companies Act” and the Companies Act No. 61 of 1973 as the “old Companies Act. The new Companies Act comes into force on a date to be determined by the President. Read more