6 Steps to mitigate compliance risks for Non-Profit Organizations in South Africa
Non-profit organizations (NPOs) in South Africa play a crucial role in addressing social issues and supporting vulnerable communities. However, like any other sector, NPOs face various compliance risks that can undermine their effectiveness and sustainability. Managing these risks is essential to maintain public trust, secure funding, and ensure that the organization operates within the legal […]
How to Remove a Deceased Director from CIPC: A Step-by-Step Guide
Dealing with the death of a company director is a challenging time, and amidst the personal grief, there are critical legal steps that must be taken to ensure the company remains compliant with regulatory requirements. One of these essential steps is removing the deceased director from the records of the Companies and Intellectual Property Commission […]
SARS Tightens Regulations on Public Officers for Companies in South Africa
Learn about the implications of SARS’ proposed changes regarding the appointment of public officers for companies.
Understanding Public Interest Score: Key Insights and Compliance Requirements
In the complex landscape of corporate governance, understanding the Public Interest Score (PIS) is crucial for any company operating within South Africa. This score determines a company’s compliance obligations and influences how it manages its regulatory responsibilities. In this article, we will break down what a Public Interest Score is, how it is calculated, and […]
Major Changes for South African Companies: Understanding the Companies Amendment Act
Explore the major changes introduced by South Africa’s Companies Amendment Act, including enhanced transparency, streamlined business rescue, and strengthened shareholder rights. Learn how these reforms will impact businesses operating in South Africa.
Compliance Champions: Identifying and Empowering Compliance Leaders in Your Organisation
Regulatory compliance is more critical than ever. Organisations must ensure they adhere to a myriad of regulations and standards to avoid penalties, maintain their reputation, and foster a culture of integrity. One effective strategy for achieving this is identifying and empowering compliance champions within the organisation. These individuals serve as role models, promote compliance initiatives, […]
Directors and Shareholders in Your Business: What’s The Difference?
Launching a company is exciting, but navigating the legalities and structures can be confusing. Two crucial roles you’ll encounter are directors and shareholders. While their functions differ, both are essential for a successful business. Let’s delve deeper into their responsibilities and how they contribute to your company’s growth. Directors: The Architects of Strategy Imagine directors […]
Global Trends in Beneficial Ownership Transparency
This article explores the growing movement for beneficial ownership transparency (BOT). Learn how BOT is combating financial crime, boosting accountability, and what the future holds for this critical initiative.
Can a Minor be a Company Director or Shareholder in South Africa?
Understand the legal landscape surrounding minors as shareholders and directors in South African companies. Explore options like trusts, challenges in exercising rights, and compliance with the Companies Act. Get insights for protecting minor shareholders’ interests.
When Should Share Certificates Be Issued Once a New Company Has Been Registered with CIPC?
The issuance of share certificates is a critical step in the process of forming a new company in South Africa. According to the South African Companies Act No. 71 of 2008, the issuance of share certificates must follow specific guidelines to ensure compliance and proper documentation. Here’s an overview of when share certificates should be […]