S167 Companies Tribunal

Section 167 – Companies Tribunal

The amendments to Section 167 of the Companies Act concerning the establishment and functions of the Companies Tribunal were made to describe the primary functions of the Tribunal’s Chairperson, as well as to permit the Chairperson to appoint a COO whose functions are also described. Furthermore, the amendment has provided the Companies Tribunal with additional functions, including presiding over matters referred to it by the B-BBEE Commission in terms of the B-BBEE Act and making appropriate orders in relation to such matters.

The Companies Act Amendments 2024:

Pertinent changes were made to our South Africa Companies Act after the Companies Amendment Act 2024, No. 16 and the Companies Act Second Amendment, 2024 No. 17 were ascended into law on 25 July 2024.

The above amendments came into effect after proclamation was made in the Gazette during December 2024.

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