S95 Employee Share Scheme

Section 95 – Employee Share Scheme

Section 95 of the Companies Act, which regulates various requirements surrounding Employee Share Schemes, was amended to include “purchases of shares in a company” in the definition of an Employee Share Scheme.

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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