RSM South Africa

Corporate statutory services

Oh no - The stat audit!

15 November 2018
As part of the independent audit of the financial statements of a company, the audit team needs to confirm that the company complied with the legal requirements that relate to the company secretarial records.  Secretarial records are minutes and resolutions, filings with the Companies and Intellectual Property Commission (CIPC), and other registers that are prescri

Executive, Non-Executive and Independent Directors

11 July 2018
Section 1 of the Companies Act 71 of 2008 (Companies Act) defines a Director as “a member of the board of a company, as contemplated in section 66, or an alternate director of a company and includes any person occupying the position of director or alternate director, by whatever name designated”.

XBRL and the filing of a company's annual financial statements

12 April 2018
Section 33(1) of the Companies Act 71 of 2008 (the Companies Act) states that every company must file an annual return in the prescribed form, with the prescribed fee, and within the prescribed period after the anniversary of the date of its incorporation.

Nature and Location of Company Documents

20 December 2016
It is becoming more apparent that many foreign owned companies are keeping their company statutory records as well as their accounting records overseas, and they are therefore not accessible within the Republic of South Africa, as required by Section 25 of the Companies Act No 71 of 2008. Section 24(1) of the Act states that records must be kept:

Business and Trading Names

28 November 2016
Prior to the promulgation of the Consumer Protection Act, 2008 (Act No.68 of 2008) (CPA), companies could have a registered name with the Companies and Intellectual Commission (CIPC or CIPRO as it used to be known) and trade under a separate name (trading name) as long as the official company stationery included the registered name with the Companies and Intellectu

Are your company statutory records up to date?

2 August 2016
Many businesses do not consider compliance as part of their core function and, quite often, this item can be overlooked when so much energy is spent in order to make sure that the bottom line of the business is maintained.

The Company Secretary of a Listed Company

25 September 2015
In terms of the Companies Act, 2008 ("the Act"), all public companies are required to have a company secretary who is accountable to the Board. The appointment may be a natural person or a juristic person.

Corporate Statutory Services

18 September 2015
Corporate Statutory Services Our Corporate Statutory Department provides clients with a wide range of statutory services including: