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12 May 2016 By PDSNETA term from the old Companies Act used to refer to those people who start a company. With the advent of the new Companies Act (71 of 2008) in May 2011 the people who start their own companies and usually contribute the initial capital are called the "incorporators". Their names and details and the number of shares that they hold are recorded in the memorandum of incorporation (MOI) and they are deemed to be the directors of the company until the first directors are appointed at a meeting of the shareholders.
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