Companies must submit proof of their registered address
This is in terms of a notice published by the Companies and Intellectual Property Commission.
Companies Act
Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
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Inquiries into insolvent Classic Financial Services unearth assets
The administration process of the insolvent estate of Classic Financial Services has yielded ‘numerous assets’, providing a glimmer of hope for creditors.
CIPC reminds companies to file their beneficial ownership information
The Commission will conduct inspections to verify the filed beneficial ownership information on record.
What private companies should know about beneficial ownership disclosure
To make sense of the new disclosure regime, it is necessary to distinguish the novel concept of a beneficial owner from the pre-existing notion of “beneficial interest”.
End of compulsory audit firm rotation rule ‘poses minimal threat in the short term’
Irba says it will work with Parliament to address the technical legal issue raised by the Supreme Court of Appeal’s judgment.
How the latest Companies Act amendments affect your business
Companies have broader obligations to keep records of persons with beneficial interests in their securities.
Beneficial ownership disclosure requirements about to take effect
Companies will have to file information with the CIPC about the natural persons who are the beneficial owners of the company.
Non-compliance with Companies Act voids an indemnity backing an insurance guarantee within a group
The board of a company must adopt a resolution to provide ‘financial assistance’, Supreme Court of Appeal finds.
When the new anti-money laundering provisions take effect
Proclamation Notice sets the commencement dates for the sections that amend five Acts of Parliament.
MPs accept refinements to omnibus anti-money laundering amendment bill
Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.
Supreme Court of Appeal rejects bid to overturn insurers’ liquidation
Did section 54(5) of the Insurance Act and the provisional curatorship orders preclude the final liquidation orders?
Amendments could result in companies moving their primary listing, says JSE
The proposed “beneficial owner” disclosure and reporting requirements for listed companies could result in companies moving their primary listing from South Africa to other jurisdictions, the JSE has told the National Assembly’s Standing […]
Treasury publishes omnibus anti-money laundering bill
The process to address deficiencies in the country’s anti-money laundering and anti-terrorism financing legislation got under way this week after Minister of Finance Enoch Godongwana tabled the General Laws (Anti-Money Laundering and Combating […]
Omnibus bill to beef up SA’s anti-money laundering measures
Minister of Finance Enoch Godongwana has published an explanatory summary of a bill that will amend five Acts of Parliament as the government moves to beef up the country’s anti-money laundering and counter […]
Nova: CIPC notice prohibiting sale of immovable properties is flawed
Nova Propgrow Group Holdings Limited says the compliance notice issued by the Companies and Intellectual Property Commission (CIPC) prohibiting Nova from disposing of its immovable properties is flawed, and its legal team is […]
Exemption to Submit Audited Financial Statements
Certain FSPs received a request from the FSB for additional information regarding their financial statements which, for most FSPs, are due by the end of this month. Category I FSPs who are registered […]
