131
empower
vulnerable
groups
Develop
compliance
monitoring
mechanisms
number of companies
registered since the
implementation of the
Act
relation to the
formalisation of
corporate entities,
and the enabling of
a supportive
environment for
efficient growth of
well-governed,
credible businesses.
By creating a single
regulatory regime
for all businesses,
the Act eases the
regulatory burden
and streamlines
company
registration – a
process which
promotes the
growth of small
business
Continuous The Companies Act
also set up the
Companies Tribunal,
Takeover Regulation
Panel, Financial
Reporting Standards
Council and the
Companies and
Intellectual Property
Commission to
promote, implement
and monitor the
implementation of
provisions of the Act.
The Companies
Tribunal, which will
adjudicate disputes
between companies
Monitoring
institutions – National
Consumer Council,
National Consumer
Tribunal, Companies
131
In order to ensure
improvement in
legislative
implementation,
government has