Antares Capital

  The Companies Act (the Act) gives directors the power to run and manage the company’s business. In return it places responsibilities and personal liabilities on directors who do not fulfil their fiduciary duties. What is required of directors’ meeting minutes?  Meetings of directors are to be kept and must contain at least: All resolutions passed at meetings (these need to be sequentially numbered and dated), and Any declarations of conflicts of interest.  As meetings of directors decide on the strategic direction of the company, the recording of these meetings is critical in reflecting what decisions are taken and how they are arrived at. The Act also requires that directors understand the issues facing the company and take time to formulate their own, independent views, so they can actively contribute at directors meetings. The minutes should also reflect

It is quite interesting that we are experiencing that a number of clients, old and young, do not have their Will and testament in place. Some have been outdated for a long time and to get the legalities sorted out to assist clients in the efficient handling of the distribution and especially providing for minor children and students are cumbersome. We would like to urge clients to update their will and testament and to consider the effect of taxation rules and structuring of policies. Lives of people change fast and this includes divorces, children growing older, new marriage, new born children which are forgotten in wills even after 20 years, multiple marriages and divorces and where spouses fall away at young ages.  Plan better now while you have the time to ensure that your loved ones are sorted after you passing away. A  will  or  testament  is a legal document by which a person, the  testator , expresses their wishes as to how their property is to be distribu