by Ben Pieters | Feb 12, 2024 | CIPC, Legal compliance
XBRL is used for businesses and accounting professionals. XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information. XBRL is used around the world, in more than 50 countries....
by Ben Pieters | Mar 30, 2021 | Minority shareholders
We regularly hear or read about oppressive or prejudicial conduct against minority shareholders, by a company. Now bear in mind that the company cannot act – it is always its directors or executives who act on its behalf. So, for a company to be doing...
by Ben Pieters | Oct 27, 2020 | Companies Act, Companies Amendment Bill 2018
The Minister of Trade and Industry published the Companies Amendment Bill 2018 – a draft amendment Bill to the Companies Act, No 71 of 2008 (Companies Act) – for public comment on 21 September 2018. A copy of the Bill can be downloaded here. We also...
by Ben Pieters | Sep 6, 2020 | Sharehyolders' resolutions
Considering shareholders’ resolutions at AGMs is allowed in terms of the Companies Act (“Act”). The Act grants shareholders wide powers to propose such resolutions. Requirements of the Act The following requirements apply – and we also outline...
by Ben Pieters | Sep 6, 2020 | Memorandum of Incorporation, Alterable vs unalterable provisions
It is important to note that unalterable provisions pitch the MoI vs the Companies Act. The latter will always prevail over provisions of the company’s MOI. What are the alterable provisions? Cliffe Dekker Hofmeyr (“CDH”) noted that “proxy...
by Ben Pieters | Aug 30, 2020 | CIPC
South Africa’s Companies and Intellectual Property Commission (“CIPC”) introduced a new requirement with effect 1 January 2020. This must be done at the same time when lodging annual returns. It is a Compliance Checklist and it’s a mandatory submission to be...
