We believe that the aim of the PoPI Act is to balance the right to privacy with the right to access the personal information of individuals and businesses. A difficult balancing act at the best of times. Legal compliance by all businesses is for a very good reason. Issues such as cybercrime, the ease with read more..
By now most individuals know that the Protection of Personal Information Act 4 of 2013 (the “PoPI Act”) is with effect 1 July 2020, law. Every public and private enterprise has to comply with the PoPI Act and a grace period of 1 year applies. By 1 July 2021 the full might of the law read more..
As of today, all public schools are closed again. How on earth does Ramaphosa and his CC expect ten of thousands of families to suddenly make arrangements for their kids to stay at home while both parents have to go to work? Yep, no thought was given to their predicament, as with most others. Take the read more..
The CIPC Compliance Checklist- This is an online form to be completed to enable CIPC to track compliance with the Companies Act and Regulations Compliance Checklist Process: Obtain a quote and a questionnaire for you to complete, from us. Accept our quote via email and issue a purchase order (if applicable). Complete the questionnaire, sign read more..
Ever wondered why a board opts to buy back the company’s shares? A share buy-back is almost always the subject of a shareholders’ resolution at each AGM of an issuer. Common sense dictates that boards resolve to pursue a share buy-back arrangement under the following circumstances: A discount exists between the current market price and read more..
The memorandum of incorporation (MOI) is the main constitutional document governing a company's affairs and deals with various matters including, amongst others, the company's powers, internal governance, the regulation of securities and the powers of its board and shareholders. The Act, however, is not a rigid document and recognizes that modern businesses require flexibility in read more..
There is no doubt that the Companies Act (71 of 2008) (“Act”) has modernised corporate law in South Africa, by amongst other things, creating flexibility and simplicity in the formation and maintenance of companies whilst promoting a balance between the rights and obligations of shareholders and directors. This includes the concept of alterable and unalterable read more..
Every great company requires a foundation, and the foundation of a company is its culture. Every employee should say “It’s my company, so I want to drive the culture”. If you fail to shape the culture in your business, then society will do it for you. However, just establishing culture, your foundation, is not enough read more..
What is the registered office of a company? What company records must be kept at this office? Why is the registered office and company records so important? The South African Companies Act 71 of 2008 (the “Act”) is quite specific about these matters. Registered office and company records Registered Office Section 23 of the Act requires read more..
Disclosure requirements are becoming more and more extensive ….. Section 30(4) of the Companies Act 2008 requires the annual financial statements of every company which is required to have its annual financial statements audited in terms of the Act, to disclose remuneration received by each director of the company; or each individual holding any prescribed read more..