Part 3: Shareholders’ Meetings By Dommisse Attorneys on 2nd December 2015 In order for a company to achieve its objectives, it must make decisions about its day-to-day operations, as well as its long-term goals and business aspirations. So, you may ask, how does one practically give effect to this? And between the shareholders and the […]
According to the Exchange Control Regulations, all foreign shareholders of South African companies must be endorsed by a commercial bank, “authorized dealer”.
Every company is required to maintain a share register. The share register forms part of the company records that must remain accessible at the company’s registered address at all times. Shareholding is not recorded by CIPC, so it is the directors’ responsibility to ensure that the share register remains available and up-to-date. All share transactions […]