Resigning or removing a company secretary from your company profile on InfoDocs is easy and simple. First, navigate to the Directors tab in your company profile and click on the Company secretary you wish to resign. In the Officers tab that opens up, click Terminate Appointment under Actions. Next, stipulate the date of resignation/removal, and […]
Author: Roné Jacobs
A company is required by law to appoint a Company Secretary within 40 days of the date of incorporation. The appointed individual must be a permanent resident of South Africa. Appointing a Company Secretary is easy with InfoDocs. Simply navigate to the Directors tab and under Actions, click on Appoint Officer. In the box that […]
All companies are required by law to appoint a Public Officer within one month of the company’s date of incorporation. Failure to appoint a Public Officer within the designated time frame, will result in non-compliance. The Public Officer is required to be a South African resident, and is in essence the face of the company. […]
All companies are required to appoint a public officer (aka “registered representative”) within one month of incorporation. Public officers must reside in South Africa during their appointment and may either be a director or individual. Once appointed, the company must notify SARS within 14 days to avoid hefty fines. In order for an individual to […]
InfoDocs offers four share reorganisation transactions that are easily completed on the app: Changing Authorised Shares, Re-classifying or Converting Shares, Redeeming Shares, and Share buy-backs. All of these can be found in the Share Classes tab, under Actions, and by clicking on Share Reorganisations. Follow the easy steps below to complete your company’s share redemption. […]
InfoDocs offers four share re-organisation transactions that are easily completed on the app: Changing Authorised Shares, Re-classifying or Converting Shares, Redeeming Shares, and Share buy-backs. All of these can be found in the Share Classes tab, under Actions, and by clicking on Share Reorganisations. Below is an outline of each of the four transactions and […]
Either the directors or shareholders of a company may increase or decrease the number of authorised shares for a particular share class by amending the Memorandum of Incorporation (“MOI”) and filing a COR15.2 with the CIPC. To record a change in authorised shares on InfoDocs, simply follow the easy steps below. If you haven’t created […]
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How to consolidate shares
Companies pursue Share Consolidations (otherwise known as Reverse Stock-Splits) to increase the company’s share price in order to generate greater investment interest. A share consolidation may also be a company’s attempt at meeting the minimum trading bid size in order to ensure its listing status for trading on the stock exchange. Alternatively, companies undergo Share […]
Company de-registrations are not yet a functionality offered directly by the InfoDocs app. However, a company can be de-registered by following a few simple steps. A company can be referred for de-registration by writing a letter to the CIPC stating that the company is not carrying on or is dormant, and has no assets or […]
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How to convert par value shares
InfoDocs offers four share reorganisation transactions that are easily completed on the app: Changing Authorised Shares, Re-classifying or Converting Shares, Redeeming Shares, and Share buy-backs. All of these can be found in the Share Classes tab, under Actions, and by clicking on Share Reorganisation. Follow the easy steps below to convert your company’s par value […]