Categories
SHAREHOLDERS

What is an authorised dealer?

According to the Exchange Control Regulations, all foreign shareholders of South African companies must be endorsed by a commercial bank, “authorized dealer”.

Categories
SHAREHOLDERS

Why do I need to endorse foreign shares?

According to the Exchange Control Regulations, all foreign shareholders of South African companies must be endorsed by a commercial bank, “authorized dealer”.

Categories
SHAREHOLDERS SHARES

What must be included in the share register?

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 […]