by Company Statutory Compliance | Aug 31, 2017 | CoSec Blog | Stephanie Phillips
This was announced by the Acting Deputy Director General for Consumer and Corporate Regulations at the dti, Mr MacDonald Netshitenzhe who said that this was result of the company law reform aimed at instilling corporate accountability, transparency and reduction of...
by Company Statutory Compliance | Feb 7, 2017 | CoSec Blog | Stephanie Phillips
Sometimes it takes a sensational story in a newspaper, as opposed to oft-repeated legal advice, to drive home the importance of regularly updating your Will. Such an article appeared in the Sunday Times on 29 January 2017, entitled Gone to the Dogs. Conveying some...
by Company Statutory Compliance | Sep 13, 2016 | CoSec Blog | Stephanie Phillips
The King reports over the last two decades have become locally and globally synonymous with good governance. To date the King Codes have had limited impact on Small and Medium Enterprises (SMEs). It is important to note that the King Codes are voluntary. In terms of...
by Company Statutory Compliance | Aug 29, 2016 | CoSec Blog | Stephanie Phillips
A company is allocated points according to the number of its employees, its annual turnover, its stakeholders and the level of third party liabilities at the end of the financial year. The Public Interest Score (PIS) is calculated as follows: 1 point for each employee...
by Company Statutory Compliance | Jul 15, 2016 | CoSec Blog | Stephanie Phillips
A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that time: the fair value of the assets of the company equal or exceed the fair value of its liabilities; and it appears that...
