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Its owner should be a dwelling natural individual, but needn’t have authorized capability. There are certain restrictions, nevertheless, for unrehabilitated insolvents. External companies are these foreign corporations which keep on enterprise or non-revenue actions within the Republic of South Africa, subject to sections 23 and 23. What constitutes “carrying on business” was radically altered by the insertion of part 23 with the first Amendment Bill. The result was that almost all of foreign firms undertaking transactions or making investments in South Africa will not be required to register as external firms. Voting rights in a private company could also be freely regulated within the Memorandum of Incorporation; voting rights in a public company are proportional to the number of shares the voter holds. A revenue company is a class of company which incorporates a variety of sub-classes.

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