Hon Chairperson and hon members, the Companies Bill provides for the repeal of the current Companies Act, Act 61 of 1973 and proposes a new legislative framework for the incorporation, registration, organisation and management of companies.
After conducting public hearings and a thorough consideration of the introduced Bill, the Portfolio Committee on Trade and Industry agreed on a number of substantive and legal technical amendments. Subsequently, the amending Bill, Bill No 61 of 2008 was sent to the NCOP for concurrence.
Order! I'm sorry, hon Martins. Hon members, please lower your voices. Those leaving the Chamber, do so quietly. Continue.
Chairperson, during this process, upon further reflection on the amending Bill, a few errors were identified. Amendments aimed at rectifying inconsistencies in the use of terminology and the correction of printing errors were submitted to the Select Committee for Economic and Foreign Affairs. It is these amendments which are reflected in Bill No 61C of 2008 which were recently agreed upon by the Portfolio Committee on Trade and Industry.
I submit that Bill No 61D of 2008, incorporating the amendments embodied in Bill No 61C of 2008, be adopted by this honourable House. I thank you. [Applause.]
There was no debate.
I move:
That the Bill, as amended, be passed.
Motion agreed to.
Bill, as amended, accordingly passed.