Legal matters

Fractional ownership - 2 27 May 2009 1. ALAN WEST'S ARTICLE IN SOUTH AFRICAN DEEDS JOURNAL NOVEMBER 2008 1.1 I refer to Alan West's Article, What is fractional ownership? in the South African Deeds Journal November 2008 dealing with the manner i...

Dividends 1547. Share buy-backs August 2007 – Issue 96     Introduction Various companies have recently undertaken a repurchase of their shares from the market. It will be considered exactly what it requires for a company to undert...

Estates And Trusts1301. If you die insolvent, what happens to your life insurance policy?June 2005 – Issue 70 Anyone with dependants should take steps to provide for them financially, in the event of his or her death. Of vital importa...

 Companies Act Draft Regulations The Department of Trade and Industry published a new set of draft Regulations on the Companies Act for public comment.  The closing date for comment is 31 January 2011.  This document includes an ove...

TITLE: The future of Close Corporations COPY: Pretoria, Thursday, 10 March 2011 - Registration of Close Corporations (CC) will cease under the new Companies Act which comes into effect on 1 April 2011; however currently registered Close Corporati...

Chantal Ross  : Who Why and How  do you retrench? Probably the most significant part of the retrenchment process is deciding which employees to retrench. Employees to be dismissed should be selected according to selection criteria that h...

  Regulate first, please Mr. Minister New Companies Act - Regulate first Mr. Ministerss releases 20 April 2011 It’s disappointing and frustrating that the Department of Trade and Industry (dti) has decided to release the final Reg...

  QUESTION What categories of companies are required to have their annual financial statements independently reviewed? ANSWER An independent review of a companys annual financial statemen...

 Name of individual on the first page of the financial statements   Question   Section 29(1)(e)(ii) requires that a company’s annual financial statements bear, on the first page of the statements, a prominent notice indica...

Voluntary audits and compulsory audits, and the implications for Chapter 3 of the Act   Question   Section 30(2)(b)(ii) introduces the concept of “audited voluntarily”. If a company does not fall into a compulsory audit...

 Regulation 29(5) – Disqualification as independent reviewer   Question   Regulation 29(5) to the Companies Act determines that an independent review of a company’s annual financial statements must not be carried out b...

 Immediate steps following 1 May 2011 commencement of New Companies Act The Presidency has proclaimed 1 May 2011 as the implementation date of the new Companies Act, 2008. Continuation of Pre-existing Companies and Notification of d...

Prof Mervyn King video : http://www.youtube.com/watch?v=xA2Arl6I1NA  Accountancy SA article : http://www.accountancysa.org.za/resources/ShowItemArticle.asp?Article=King+lll+-+Corporate+Governance+-+Fairness%2C+Accountability+and+Transparency&...