CoSec Blog

PAIA submissions

Posted on May 24th, 2024 - By MDACC - 0 Comments

We refer to the recent notice from the Information Regulator in accordance with section 83(4) of PAIA. The Regulator has requested the submission of…

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A snapshot of the key amendments in the Companies Amendment Bills, 2023

Posted on Apr 18th, 2024 - By MDACC - 0 Comments

Article shared courtesy of: Webber Wentzel Articles "South Africa's Parliament has passed the Companies Amendment Bills, 2023. The Companies…

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CIPC cyber attack leaves millions of entities vulnerable across nation

Posted on Mar 12th, 2024 - By MDACC - 0 Comments

CIPC cyber attack leaves millions of entities vulnerable across the nation  Sensitive data of at least three million entities and individuals who…

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Updated SAICA Guide on Retention of Records

Posted on Nov 2nd, 2023 - By MDACC - 0 Comments

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Are You FICA Compliant? 7 Key Requirements You Need to Know 

Posted on Oct 16th, 2023 - By MDACC - 0 Comments

The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing…

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PAIA – Deadline for website compliance by 26 October 2023

Posted on Oct 10th, 2023 - By MDACC - 0 Comments

You may have already received a Compliance Notice in terms of Section 83(3)(d) of the Promotion of Access to Information Act 2 of 2000…

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CIPC Beneficial Ownership and what is required

Posted on Aug 7th, 2023 - By MDACC - 0 Comments

The Companies and Intellectual Property Commission (CIPC) is to keep a register of beneficial ownership (BO) for companies and close corporations…

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PAIA – Deadline for section 83(4) report less than a week away

Posted on Jun 23rd, 2023 - By MDACC - 0 Comments

The Information Regulator published a notice on 7 May 2023, inviting all private bodies to submit a report by Friday, 30 June 2023, detailing…

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Trust Resolutions: A Majority of Trustees’ Decision is no longer binding on a Trust

Posted on Jun 13th, 2023 - By MDACC - 0 Comments

Many trust deeds provide for ‘majority rule’ that if a decision is made by the majority of trustees and a resolution authorising the same is…

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New Trustee Obligation to report to the Master of the High Court

Posted on May 17th, 2023 - By MDACC - 0 Comments

As you may be aware, a new reporting obligation for Trustees was gazetted on 31 March 2023, which amended the Trust Property Control Act, Act 57 of…

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Why POPIA is actually valuable

Posted on Dec 1st, 2022 - By MDACC - 0 Comments

Smart farming: IoT and your farming equipment  Combined Agriculture, Aquaculture & Fishing, and Technology, Media & Telecommunications…

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Leave your dependants a lasting gift

Posted on Sep 15th, 2022 - By MDACC - 0 Comments

AS IT IS WILLS MONTH MAKE SURE THAT YOUR FINAL WISHES COME TRUE As Professional Executors and Estate Planners, it is frustrating to see a…

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NB: Private companies checklist

Posted on Jul 6th, 2022 - By MDACC - 0 Comments

Article share courtesy of: Cliffe Dekker Hofmeyr Click…

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POPIA facts

Posted on May 26th, 2022 - By MDACC - 0 Comments

As we are all aware, the substantive provisions of the Protection of Personal Information Act 4 of 2013 (POPIA) which place obligations on…

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Commencing work as a Business Rescue Practitioner by Dave Rich

Posted on May 9th, 2022 - By MDACC - 0 Comments

Commencing work as a Business Rescue Practitioner, an article written by: Dave Rich of MD Accountants & Auditors…

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Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting!

Posted on Apr 5th, 2022 - By MDACC - 0 Comments

Article Provided by Spencer-Pitman Attorneys and Conveyancers  ©LawDotNews Don’t Accidentally Disqualify Your Chosen Heirs from…

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IoDSA Governance Guidance – King IV vs ISO 37000

Posted on Feb 15th, 2022 - By MDACC - 0 Comments

As both standards are voluntary, it remains the choice of the organisation to determine which standard it wishes to apply. Regulatory requirements,…

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Master’s Office not operational

Posted on Oct 8th, 2021 - By MDACC - 0 Comments

  The Department of Justice and Constitutional Development (DOJ&CD) had a security breach on the evening of 6 September 2021. This…

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Do you have a valid will?

Posted on Sep 6th, 2021 - By MDACC - 0 Comments

A last Will and Testament is one of the most important documents you will ever sign, it ensures that your final wishes and loved ones are taken care…

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Trustees Duties

Posted on Aug 24th, 2021 - By MDACC - 0 Comments

Trusts & Estates Alert Article shared courtesy of: Cliffe Dekker Hofmeyr Click on the image…

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POPIA: Practical implications for retail businesses | 14 July 2021

Posted on Jul 8th, 2021 - By MDACC - 0 Comments

We recently received the below invitation to attend a Retail focused webinar on POPI and thought it may be of interest to you in the context of this…

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MD’s new electronic signature process

Posted on Jun 18th, 2021 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/3gJoWsR   In line with the new POPIA and IRBA requirements and in our move towards a…

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POPIA Notice

Posted on May 28th, 2021 - By MDACC - 0 Comments

Kindly find a link to our POPIA Notice regarding our policies relating to the collection, processing and storing of your Personal…

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Was your Will signed in the presence of witnesses? Is it valid?

Posted on May 18th, 2021 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/3tRqq9f   I gave instructions to prepare a Will for me as my most recent Will no…

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Did you know that you will be bound by POPIA from 1 July 2021?

Posted on May 6th, 2021 - By MDACC - 0 Comments

Email sent out for this post | https://bit.ly/2SlhPhN   We refer to our correspondences relating to POPIA (The Protection of Personal…

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Protect your loved ones with a professionally prepared Will

Posted on May 5th, 2021 - By MDACC - 0 Comments

Email sent out for this post | https://bit.ly/3urilJt   When last did you update your Will? A Last Will and Testament is the subject of…

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POPIA: Unpacking the role of an information officer

Posted on May 4th, 2021 - By MDACC - 0 Comments

Post shared courtesy of: cliffedekkerhofmeyr.com CDH marketing communications   POPIA: Unpacking the role of an information…

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POPIA – ARE YOU READY?

Posted on Apr 8th, 2021 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/39Tf5hF   The POPIA (The Protection of Personal Information Act) compliance deadline is…

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Justice on 100 day countdown to be POPIA compliant

Posted on Mar 30th, 2021 - By MDACC - 0 Comments

24 Mar 2021 Today marks 100 days to the deadline for public and private bodies to ensure that their processing of personal information conforms to…

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PAIA manual | MD ACCOUNTANTS AND AUDITORS INCORPORATED | Date of revision: 15/12/2020

Posted on Dec 23rd, 2020 - By MDACC - 0 Comments

Click on the image below to access the updated manual for…

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CIPC Regulatory Compliance Obligations to re-commence 01 DECEMBER 2020

Posted on Nov 18th, 2020 - By MDACC - 0 Comments

We draw your attention to the CIPC Notice 49 of 2020 advising that CIPC will begin regulatory compliance obligations again with effect from 01…

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Important Information: PAIA Manual

Posted on Oct 12th, 2020 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/350iNmg   Promotion of Access to Information Act (PAIA) Manuals MUST be submitted by 31…

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Important Information for my Loved Ones

Posted on Sep 11th, 2020 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/3ht9wrn Protect your loved ones with a professionally prepared Will When last did you…

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Governance Alert 5 of 2020: CIPC Director Quick Reference Guide

Posted on Aug 27th, 2020 - By MDACC - 0 Comments

From the IoDSA Corporate Governance Team CIPC Director Quick Reference Guide The Companies Intellectual Property Commission (CIPC) has…

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When last did you update your Will?

Posted on Jul 31st, 2020 - By MDACC - 0 Comments

A Last Will and Testament is the subject of much procrastination which often gets signed, placed somewhere for safekeeping and then forgotten…

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Director delinquency ruling – Stephanie Phillips | Compliance Officer

Posted on Jun 1st, 2020 - By MDACC - 0 Comments

MD's email sent out for this post | https://bit.ly/3eAHwRm We alert you to the recent High Court of South Africa judgement that has seen former…

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Director delinquency ruling

Posted on May 29th, 2020 - By MDACC - 0 Comments

"IoDSA welcomes delinquency ruling and calls for directors to commit to education Recent High Court of South Africa judgement has seen former SAA…

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Department of Trade and Industry on CIPC certification process during COVID-19 Coronavirus extended lockdown

Posted on Apr 20th, 2020 - By MDACC - 2 Comments

The Department of Trade and Industry (“DTI”) released a statement on 16 April 2020, stating that companies that are registered in terms of…

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CIPC – Lockdown

Posted on Mar 25th, 2020 - By CoSec - 2 Comments

Click here for an important notice for all CIPC customers, regarding the downtime due to the national…

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Section 45 Companies Act – Financial Assistance

Posted on Mar 18th, 2020 - By CoSec - 0 Comments

Section 45 is not a new section of the Companies Act. However, CIPC now requires you to note your compliance with this section as part of the new…

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Is your Company compliant? New requirement from 01 January 2020!

Posted on Dec 11th, 2019 - By CoSec - 0 Comments

We are bringing the following very important and high-risk change to your attention: CIPC has introduced a Compliance Checklist to be completed as…

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Updated SAICA Retention of Records Guide

Posted on May 6th, 2019 - By CoSec - 2 Comments

The updated SAICA retention of records guide has been released: Retention of records guide updated Guide on Retention of Records (Updated April…

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CIPC’s new system becomes mandatory

Posted on Oct 9th, 2017 - By CoSec - 0 Comments

Submission of Annual Financial Statements to the Companies and Intellectual Property Commission (CIPC) using inLine eXtensible Business Reporting…

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Companies Act to be amended

Posted on Aug 31st, 2017 - By CoSec - 0 Comments

This was announced by the Acting Deputy Director General for Consumer and Corporate Regulations at the dti, Mr MacDonald Netshitenzhe who said that…

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SECTION 7C – IS YOUR TRUST AFFECTED BY THE NEW TAX LEGISLATION?

Posted on Aug 25th, 2017 - By MDACC - 0 Comments

We have identified a risk that relates to any loan, advance or credit made to a trust, by a natural person or a company that is a connected person to…

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2B or not 2B: Will your ex-spouse inherit from your estate?

Posted on Feb 7th, 2017 - By CoSec - 0 Comments

Sometimes it takes a sensational story in a newspaper, as opposed to oft-repeated legal advice, to drive home the importance of regularly updating…

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The King IV Corporate Governance Code may apply to you

Posted on Sep 13th, 2016 - By CoSec - 0 Comments

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…

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What is an Independent Review?

Posted on Aug 29th, 2016 - By CoSec - 0 Comments

A company is allocated points according to the number of its employees, its annual turnover, its stakeholders and the level of third party…

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The Companies Act Solvency and Liquidity Test

Posted on Jul 15th, 2016 - By CoSec - 2 Comments

A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that…

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SAICA Guide on the Retention of Records

Posted on Jun 1st, 2016 - By MDACC - 0 Comments

SAICA have released an updated Guide on the Retention of…

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Companies Act and Annual Financial Statement requirements

Posted on Apr 21st, 2016 - By CoSec - 2 Comments

CIPC Annual Financial Statements  All companies must prepare annual financial statements (“AFS”). Public and State Owned companies (SOC) must…

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Individuals are also required to submit a PAIA Manual in certain instances

Posted on Oct 28th, 2015 - By CoSec - 0 Comments

All private bodies have to comply with The Promotion to Access of Information Act (PAIA) by the deadline date being 31 December 2015. The…

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Do I need to register for Workmen’s Compensation?

Posted on Oct 28th, 2015 - By CoSec - 38 Comments

All employers who employ one or more workers in connection with their business or farming activities are required to register with the Compensation…

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Promotion of Access to Information Act (PAIA) Manuals MUST be submitted by December!

Posted on Sep 1st, 2015 - By CoSec - 0 Comments

The Promotion of Access to Information Act (PAIA) requires that all public and private bodies compile a Section 51 Manual, a signed copy of which…

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Why Should I Keep My Share Register?

Posted on Aug 14th, 2015 - By CoSec - 5 Comments

I’ve recently had several people tell me that they struggle to get their clients to bother keeping their company secretarial records.  So what…

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Application of Section 22, Companies Act 71 of 2008 on Close Corporations

Posted on Jul 20th, 2015 - By CoSec - 0 Comments

The CIPC have issued a guidance note on the application of Section 22, Companies Act 71 of 2008 on Close…

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Regulations for Reserving a Name or Changing the Name of an Entity

Posted on Jul 3rd, 2015 - By CoSec - 0 Comments

Article written by:  Jaclyn Ross | Company Secretarial Assistant and Personal Assistant | MD Accountants & Auditors Inc. There are four…

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