The course content addresses the following topics:
- Introduction to the balance sheet and legal capital;
- Regulating contributions (payment) by shareholders to the company (capital accounts);
- Regulating distributions by the company to shareholders (including record date, equity solvency, balance sheet solvency, reverse share split, factors for board consideration, basis for board determination/valuation);
- Creditor protection outside legal capital; and
- Comparison between the Model Act and South Africa's Companies Act provisions on legal capital.
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