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Cs foundation study material new syllabus superprofs. Presidents assent on 29 th august 20 law to be operational in phases o 98 sections notified on 12 th september 20 corresponding sections of companies act, 1956 ceased to have effect from that date o no transitional provisions draft rules and corresponding forms issued. Thus unlike a partnership which is an association of persons who come together for business with a view of profit, the objects of a company extend beyond profit making. You may find the table of contents to be a quick and useful overview of the law to be applied. A company thus has legal rights and obligations in the same way that a natural person. The objectives of this course are that firstly students should develop foundational knowledge about the legal system in south africa, including a knowledge of the history, sources of law, hierarchy of the courts, legal reasoning, with special attention to the doctrine of precedent, classifications of the law and fundamental.
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