Wednesday, 20 April 2011 09:33

New Companies act

Written by  Imtiaz Lorgat
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DTI Minister Rob Davies today announced that President Jacob Zuma finally signed the Companies Amendment Bill.

The Companies Act, 2008 and implementation of the Companies and Intellectual Property Commission (CIPC) will therefore finally become effective 1 May 2011.

Important issues accountants and attorneys need to note are:

- The effect of the Comapnies Act, 2008 on the relationship between its advisors and clients.
- The drafting of a Memorandum of Incorporation (MOI) for an owner-managed entity.  
- Audit vs Independent Review.
- Various business forms, and electing a business entity to best suit the needs of the company and shareholders.

Professors Walter Geach and Tshepo Mongalo will be presenting a practical step-by-step workshop in May to address the practical issues to implement the Companies Act, 2008 and advise accountants and attorneys on possible solutions
Last modified on Wednesday, 20 April 2011 09:36
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