The contours of profit-making activities of non-profit companies : an analysis of the new South African Companies Act

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dc.contributor.author Cassim, Maleka Femida
dc.date.accessioned 2012-11-29T06:12:41Z
dc.date.available 2013-08-23T00:20:03Z
dc.date.issued 2012-08-23
dc.description.abstract While for-profit companies regularly embark on non-profit activities, the converse issue has recently come to attention, namely whether non-profit companies may embark on profit-making activities. This has given rise to a confusing conundrum of practical importance, not only in South Africa but also in other jurisdictions. This article discusses whether non-profit companies, under the South African Companies Act of 2008, may have purely commercial objects. It also addresses the intertwined question of the contours of permissible profit-making activities. Since the non-profit company is the modern successor to the section 21 company under the previous Companies Act of 1973, this article considers the recent case of Cuninghame v First Ready Development 249, in which the Supreme Court of Appeal was faced with the problem of a section 21 company with a commercial object. The article also explores the administration of rental pool agreements by non-profit companies, which arose in the Cuninghame case. en_US
dc.description.uri http://journals.cambridge.org/action/displayJournal?jid=JAL en_US
dc.identifier.citation Maleka Femida Cassim (2012). The Contours of ProfitMaking Companies: An Analysis of the New South African Companies Act. Journal of African Law, 56, pp 243267, DOI: 10.1017/S0021855312000046 en_US
dc.identifier.issn 0021-8553 (print)
dc.identifier.issn 1464-3731 (online)
dc.identifier.other 10.1017/S0021855312000046
dc.identifier.uri http://hdl.handle.net/2263/20588
dc.language.iso en en_US
dc.publisher Cambridge University Press en_US
dc.rights © School of Oriental and African Studies, 2012 en_US
dc.subject Non-profit companies en_US
dc.subject Profit-making en_US
dc.subject South African Companies Act of 2008 en_US
dc.title The contours of profit-making activities of non-profit companies : an analysis of the new South African Companies Act en_US
dc.type Article en_US


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