by Peet Pieterse | Jan 7, 2021 | Business Consulting
The shareholders of a company appoint directors to manage the company affairs. These directors have a statutory duty towards the company and must always act in the best interest of the company. How many directors must a company have? All Public and Non-Profit...
by Peet Pieterse | Jul 16, 2020 | Advisory
A public company or state-owned company must appoint a person knowledgeable or experienced in relevant laws as a company secretary. This is not a requirement for typical owner managed companies. A public company or state-owned company must appoint an auditor. This is...
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...
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