Company & Trust Compliance Blog

ARE YOU AN ACCOUNTABLE INSTITUTION REGISTERED WITH FIC? DEADLINE FOR ACCOUNTABLE INSTITUTIONS TO SUBMIT RMCP MANUAL – 12 MARCH 2025 We draw your attention to the notice issued by the Financial Intelligence Centre (FIC) requesting all Accountable Institutions (AI’s) to...

Article shared courtesy of: Cliffe Dekker Hofmeyr Written by: Yaniv Kleitman and Roxanne Bain   Corporate & Commercial Alert   Talk about "hitting the ground running" in the new year, for corporate law at least. The President has proclaimed that certain...

As previously communicated, a new reporting obligation for Trustees was gazetted on 31 March 2023, which amended the Trust Property Control Act, Act 57 of 1998 (TPCA). The implementation of the amendments came into effect on 1 April 2023 and Trustees are now obligated...

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 the Annual Report from all Private Bodies by 30 June 2024 detailing requests for access to records received and...

Article shared courtesy of: Webber Wentzel Articles "South Africa's Parliament has passed the Companies Amendment Bills, 2023. The Companies Amendment Bill, 2023 includes provisions to enhance transparency and provide for more disclosure and governance of executive...

CIPC cyber attack leaves millions of entities vulnerable across the nation  Sensitive data of at least three million entities and individuals who were registered with the Companies and Intellectual Property Commission (CIPC) could have fallen into the wrong hands when...

The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities by making it more difficult for criminals to benefit from the proceeds of crime. The FIC Amendment Act...

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 (PAIA). Whilst this notice is aimed at entities who have not updated their PAIA Manuals in line with the Act, there is now another...

"One of the many purposes of the Companies Act, 71 of 2008 (hereinafter referred to as “the Act”) is to provide for a predictable and effective environment for the efficient regulation of companies and other juristic persons, as described in section 7 of the Act. In...

The Companies and Intellectual Property Commission (CIPC) is to keep a register of beneficial ownership (BO) for companies and close corporations that will serve as a repository of natural persons who own or exercise control over legal entities registered with the...

The Information Regulator published a notice on 7 May 2023, inviting all private bodies to submit a report by Friday, 30 June 2023, detailing requests for access to the records of these private bodies. This applies to: Natural persons who are/have previously carried...

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 signed by the majority of trustees, the decision and accompanying resolution are valid. In May 2023 this was changed when the...

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 1998 (TPCA). This means that with effect from 1 April 2023, Trustees are obligated to lodge and keep up-to-date records...

Smart farming: IoT and your farming equipment  Combined Agriculture, Aquaculture & Fishing, and Technology, Media & Telecommunications Alert - 30 November 2022 "The Internet of Things (IoT) is a term used to describe the connecting of physical objects to each...

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 family torn apart by conflict or financially devastated due to a badly drafted or outdated Will and Estate Plan. Even worse is...

Article share courtesy of: Cliffe Dekker Hofmeyr Click here:

As we are all aware, the substantive provisions of the Protection of Personal Information Act 4 of 2013 (POPIA) which place obligations on responsible parties became enforceable on 1 July 2021. The 4 fact sheets summarise certain important principles that assist in...

Commencing work as a Business Rescue Practitioner, an article written by: Dave Rich of MD Accountants & Auditors Inc.  http://magazine.accountancysa.org.za/asa-may-2022?m=52861&i=746780&p=66&ver=html5 Accountancy South Africa | SAICA | May 2022 full...

Article Provided by Spencer-Pitman Attorneys and Conveyancers  ©LawDotNews Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting! “Death is not the end. There remains the litigation over the estate.” (Ambrose Bierce) Your will (“Last Will and Testament”)...