by Peet Pieterse | Jul 3, 2020 | Advisory
A company’s name is registered at CIPC and CIPC will also issue the company with a registration number. A company may trade under a different name but must disclose the actual company name and registration number to any person who enquires after it. Every company must...
by Peet Pieterse | Jun 17, 2020 | Advisory
Every year on a company’s/close corporation’s anniversary date the directors/members must submit an Annual Return to CIPC. This originally started off to confirm that companies and close corporations are still active but developed over the years to also collect...
by Peet Pieterse | Jun 8, 2020 | Advisory
A company’s financial year-end date is set when the company is registered at CIPC. In South Africa it can be any date of the year, unlike in other countries where the dates are sometimes fixed. A company can change its year end with a Special Resolution resulting in a...
by Peet Pieterse | May 21, 2020 | Advisory
The Companies Act requires a company to maintain certain records. These records must be accessible from the company’s registered office. If they are not accessible from the company’s registered office a notice to this effect must be filed with CIPC. What documents...
by Peet Pieterse | May 5, 2020 | Advisory
What is a MOI?The term “MOI” is an abbreviation for “Memorandum of Incorporation”. It is a document that sets out the rights, duties and responsibilities of shareholders, directors and other persons involved in a company. Every company registered in South Africa needs...
by Peet Pieterse | Apr 16, 2020 | Advisory
CIPC Compliance (Section 4, 44 and 45): Solvency and Liquidity Test and how it applies to Financial Assistance and director loans. Section 4 of the Companies Act 71 of 2008 refers to what a Solvency and Liquidity test are and how such a test should be done. This...
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