A snapshot of the key amendments in the Companies Amendment Bills, 2023
Article shared courtesy of: Webber Wentzel Articles "South Africa's Parliament has passed the Companies Amendment Bills, 2023. The Companies…
CIPC cyber attack leaves millions of entities vulnerable across nation
CIPC cyber attack leaves millions of entities vulnerable across the nation Sensitive data of at least three million entities and individuals who…
Are You FICA Compliant? 7 Key Requirements You Need to Know
The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing…
PAIA – Deadline for website compliance by 26 October 2023
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…
CIPC Beneficial Ownership and what is required
The Companies and Intellectual Property Commission (CIPC) is to keep a register of beneficial ownership (BO) for companies and close corporations…
PAIA – Deadline for section 83(4) report less than a week away
The Information Regulator published a notice on 7 May 2023, inviting all private bodies to submit a report by Friday, 30 June 2023, detailing…
Trust Resolutions: A Majority of Trustees’ Decision is no longer binding on a Trust
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…
New Trustee Obligation to report to the Master of the High Court
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…
Why POPIA is actually valuable
Smart farming: IoT and your farming equipment Combined Agriculture, Aquaculture & Fishing, and Technology, Media & Telecommunications…
Leave your dependants a lasting gift
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…
POPIA facts
As we are all aware, the substantive provisions of the Protection of Personal Information Act 4 of 2013 (POPIA) which place obligations on…
Commencing work as a Business Rescue Practitioner by Dave Rich
Commencing work as a Business Rescue Practitioner, an article written by: Dave Rich of MD Accountants & Auditors…
Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting!
Article Provided by Spencer-Pitman Attorneys and Conveyancers ©LawDotNews Don’t Accidentally Disqualify Your Chosen Heirs from…
IoDSA Governance Guidance – King IV vs ISO 37000
As both standards are voluntary, it remains the choice of the organisation to determine which standard it wishes to apply. Regulatory requirements,…
Master’s Office not operational
The Department of Justice and Constitutional Development (DOJ&CD) had a security breach on the evening of 6 September 2021. This…
Do you have a valid will?
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…
Trustees Duties
Trusts & Estates Alert Article shared courtesy of: Cliffe Dekker Hofmeyr Click on the image…
POPIA: Practical implications for retail businesses | 14 July 2021
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…
MD’s new electronic signature process
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…
POPIA Notice
Kindly find a link to our POPIA Notice regarding our policies relating to the collection, processing and storing of your Personal…
Was your Will signed in the presence of witnesses? Is it valid?
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…
Did you know that you will be bound by POPIA from 1 July 2021?
Email sent out for this post | https://bit.ly/2SlhPhN We refer to our correspondences relating to POPIA (The Protection of Personal…
Protect your loved ones with a professionally prepared Will
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…
POPIA: Unpacking the role of an information officer
Post shared courtesy of: cliffedekkerhofmeyr.com CDH marketing communications POPIA: Unpacking the role of an information…
POPIA – ARE YOU READY?
MD's email sent out for this post | https://bit.ly/39Tf5hF The POPIA (The Protection of Personal Information Act) compliance deadline is…
Justice on 100 day countdown to be POPIA compliant
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…
PAIA manual | MD ACCOUNTANTS AND AUDITORS INCORPORATED | Date of revision: 15/12/2020
Click on the image below to access the updated manual for…
CIPC Regulatory Compliance Obligations to re-commence 01 DECEMBER 2020
We draw your attention to the CIPC Notice 49 of 2020 advising that CIPC will begin regulatory compliance obligations again with effect from 01…
Important Information: PAIA Manual
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…
Important Information for my Loved Ones
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…
Governance Alert 5 of 2020: CIPC Director Quick Reference Guide
From the IoDSA Corporate Governance Team CIPC Director Quick Reference Guide The Companies Intellectual Property Commission (CIPC) has…
When last did you update your Will?
A Last Will and Testament is the subject of much procrastination which often gets signed, placed somewhere for safekeeping and then forgotten…
Director delinquency ruling – Stephanie Phillips | Compliance Officer
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…
Director delinquency ruling
"IoDSA welcomes delinquency ruling and calls for directors to commit to education Recent High Court of South Africa judgement has seen former SAA…
Department of Trade and Industry on CIPC certification process during COVID-19 Coronavirus extended lockdown
The Department of Trade and Industry (“DTI”) released a statement on 16 April 2020, stating that companies that are registered in terms of…
CIPC – Lockdown
Click here for an important notice for all CIPC customers, regarding the downtime due to the national…
Section 45 Companies Act – Financial Assistance
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…
Is your Company compliant? New requirement from 01 January 2020!
We are bringing the following very important and high-risk change to your attention: CIPC has introduced a Compliance Checklist to be completed as…
Updated SAICA Retention of Records Guide
The updated SAICA retention of records guide has been released: Retention of records guide updated Guide on Retention of Records (Updated April…
CIPC’s new system becomes mandatory
Submission of Annual Financial Statements to the Companies and Intellectual Property Commission (CIPC) using inLine eXtensible Business Reporting…
Companies Act to be amended
This was announced by the Acting Deputy Director General for Consumer and Corporate Regulations at the dti, Mr MacDonald Netshitenzhe who said that…
SECTION 7C – IS YOUR TRUST AFFECTED BY THE NEW TAX LEGISLATION?
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…
2B or not 2B: Will your ex-spouse inherit from your estate?
Sometimes it takes a sensational story in a newspaper, as opposed to oft-repeated legal advice, to drive home the importance of regularly updating…
The King IV Corporate Governance Code may apply to you
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…
What is an Independent Review?
A company is allocated points according to the number of its employees, its annual turnover, its stakeholders and the level of third party…
The Companies Act Solvency and Liquidity Test
A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that…
SAICA Guide on the Retention of Records
SAICA have released an updated Guide on the Retention of…
Companies Act and Annual Financial Statement requirements
CIPC Annual Financial Statements All companies must prepare annual financial statements (“AFS”). Public and State Owned companies (SOC) must…
Individuals are also required to submit a PAIA Manual in certain instances
All private bodies have to comply with The Promotion to Access of Information Act (PAIA) by the deadline date being 31 December 2015. The…
Do I need to register for Workmen’s Compensation?
All employers who employ one or more workers in connection with their business or farming activities are required to register with the Compensation…
Promotion of Access to Information Act (PAIA) Manuals MUST be submitted by December!
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…
Why Should I Keep My Share Register?
I’ve recently had several people tell me that they struggle to get their clients to bother keeping their company secretarial records. So what…
Application of Section 22, Companies Act 71 of 2008 on Close Corporations
The CIPC have issued a guidance note on the application of Section 22, Companies Act 71 of 2008 on Close…
Regulations for Reserving a Name or Changing the Name of an Entity
Article written by: Jaclyn Ross | Company Secretarial Assistant and Personal Assistant | MD Accountants & Auditors Inc. There are four…
