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COMPANY DIRECTORS

How to appoint a registered representative

A “registered representative” is a person who is appointed with full rights to act on behalf of another legal entity with SARS. In the case of a registered company this individual is also known as a “public officer” and needs to be appointed by a resolution of the board of directors. SARS recently enhanced the […]

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COMPANY DIRECTORS SHAREHOLDERS SHARES

Company Records

The Companies Act 71 of 2008 (as amended) requires all companies to maintain certain company records for a period of seven years. A company must at all times have a copy of its Memorandum of Incorporation (“MOI”) and any amendments or alterations to it, as well as any rules that apply to the company in […]

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CIPC COMPANY DIRECTORS

How to resign a company secretary

Resigning or removing a company secretary from your company profile on InfoDocs is easy and simple. Follow these simple instructions: Log in to your InfoDocs account here. If you don’t already have an account, register for a free trial. Step 1: Simply navigate to the Directors tab in your company profile, click on the Company secretary you wish to resign, […]

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CIPC COMPANY DIRECTORS

How to appoint a company secretary

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. Step 1: Simply navigate to the Directors tab and under Actions, click on Appoint Officer. Step 2: In the box that […]

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COMPANY DIRECTORS

How to resign a public officer

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. […]

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COMPANY DIRECTORS

How to appoint a public officer

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 […]

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CIPC DIRECTORS

Why is the director status not updating?

You have just submitted a director change, but the director status on the company’s profile is stuck on “Pending”. This might be a problem when you urgently need to print registers or resolutions. There could be a number of reasons why the director status has not yet updated. You submitted the director change through CIPC: […]

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BLOG DIRECTORS

Companies Act Series – Part 4

Part 4: Board Meetings By Dommisse Attorneys on 2nd February 2016 The Companies Act, 71 of 2008 (“the Act“) expressly provides that the business and affairs of a company must be managed by or under the direction of the board of directors (“the Board“), which has the authority to exercise all of the powers and perform […]

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BLOG DIRECTORS

Companies Act Series – Part 2

Part 2: Appointment of directors and functions of the board of directors By Dommisse Attorneys on 2nd November 2015 The Companies Act, 71 of 2008 (as amended) (“the Companies Act”) provides that the business and affairs of a company must be managed by or under the direction of its board of directors (“the Board”). If […]

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BLOG DIRECTORS

Director’s Duties – 5 things you need to know

By Dommisse Attorneys on 20th August 2013 There has been a lot of media coverage in the past couple of years devoted to directors’ duties under the new Companies Act of 2008, and the fact that directors can be held personally liable if they breach those duties. The effect can be fear and uncertainty – […]