Proceeds of Issue of Shares of No Par Value to Be Stated Capital in Namibia Understanding Stated Capital for No Par Value Shares Under the Companies Act 28 of 2004 in Namibia, the proceeds from the issue of shares with…

Effect of Conversion of Par Value Share Capital into No Par Value Share Capital and Vice Versa in Namibia Understanding Share Capital Conversion Under the Companies Act 28 of 2004 in Namibia, companies have the flexibility to convert their share…

Payment of Interest out of Capital in Certain Cases in Namibia Understanding Payment of Interest Out of Capital Under the Companies Act 28 of 2004 in Namibia, there are specific circumstances where a company is permitted to pay interest out…

Restriction of Power to Pay Commission and Discounts in Namibia Understanding Restrictions on Commission and Discounts Under the Companies Act 28 of 2004 in Namibia, there are specific restrictions on the power of companies to pay commissions and discounts. These…

Issue of Shares of Par Value at Discount in Namibia Understanding the Issue of Shares at Discount Under the Companies Act 28 of 2004 in Namibia, issuing shares at a discount from their nominal (par) value is a practice that…

Issue Price of Shares of No Par Value Requiring Special Resolution in Namibia Understanding the Issue Price of No Par Value Shares Under the Companies Act 28 of 2004 in Namibia, the issue price of shares with no par value…

Approval of Acquisition of Own Shares by Special Resolution in Namibia Understanding the Acquisition of Own Shares Under the Companies Act 28 of 2004 in Namibia, a company can acquire its own shares, but this action requires careful consideration and…

Company to Be Solvent in Namibia Understanding Solvency Requirements Under the Companies Act 28 of 2004 in Namibia, a company must remain solvent to meet its legal and financial obligations. Solvency is a critical aspect of corporate governance and financial…

Consequences of Acquisition with Regard to Shares in Namibia Understanding the Consequences of Share Acquisition Under the Companies Act 28 of 2004 in Namibia, the acquisition of a company’s own shares has specific legal and financial consequences. These consequences impact…

Liability of Shareholders Under Certain Circumstances in Namibia Understanding Shareholder Liability Under the Companies Act 28 of 2004 in Namibia, shareholders generally enjoy limited liability. This means their financial responsibility is limited to the amount they invested in the company.…

Procedure of Acquisition of Certain Shares by Company in Namibia Understanding the Procedure for Share Acquisition Under the Companies Act 28 of 2004 in Namibia, a company may acquire its own shares under specific conditions and procedures. This process is…

Enforceability of Contracts for Acquisition by Company of Certain Shares in Namibia Understanding Enforceability of Share Acquisition Contracts Under the Companies Act 28 of 2004 in Namibia, contracts for the acquisition of a company’s own shares must comply with specific…

Subsidiaries May Acquire Certain Shares in Holding Company in Namibia Understanding Subsidiary Share Acquisition Under the Companies Act 28 of 2004 in Namibia, subsidiaries are permitted to acquire shares in their holding companies under specific conditions. This provision allows for…

Payments to Shareholders in Namibia Understanding Payments to Shareholders Under the Companies Act 28 of 2004 in Namibia, companies are permitted to make payments to shareholders under certain conditions. These payments can take various forms, including dividends, share buybacks, and…

Nature of Shares and Payment for Shares in Namibia Understanding the Nature of Shares Under the Companies Act 28 of 2004 in Namibia, shares represent a unit of ownership in a company. The nature of shares and the terms of…

Uncertificated Securities in Namibia Understanding Uncertificated Securities Under the Companies Act 28 of 2004 in Namibia, companies can issue uncertificated securities. These securities are not represented by physical certificates but are instead recorded electronically. Uncertificated securities offer a modern and…

Register and Return as to Allotments in Namibia Understanding Register and Return as to Allotments Under the Companies Act 28 of 2004 in Namibia, companies are required to maintain a register of allotments and make returns to the Registrar of…

Certificate of Shares or Stock in Namibia Understanding Share Certificates Under the Companies Act 28 of 2004 in Namibia, share certificates serve as official documents that evidence ownership of shares in a company. These certificates are issued to shareholders and…

Numbering of Shares and Share Certificates in Namibia Understanding Numbering of Shares and Share Certificates Under the Companies Act 28 of 2004 in Namibia, each share and share certificate must be uniquely numbered. This requirement ensures accurate tracking and identification…

Limitation of Time for Issue of Share Certificates in Namibia Understanding Time Limits for Issuing Share Certificates Under the Companies Act 28 of 2004 in Namibia, there are specific time limits within which a company must issue share certificates to…