The information on the share certificate will show the:

- share certificate number (this must be unique)
- the name of the company
- registration number of the company
- person's full name and ID number to whom the share certificate is issued
- the number of shares issued

Close corporations do not qualify for Share Certificates as ownership is determined by the members' interest on the CK1/CK2.

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The term 'beneficial owner' refers to an individual who has direct or indirect ownership or control of a company.

What is the purpose of Beneficial Ownership?

The Companies and Intellectual Property Commission (CIPC) plans to introduce a Beneficial Ownership (BO) register to have a record of individuals who own or control legal entities. This registry aims to assist law enforcement agencies in their investigations of identifying the ultimate owners of a company and to mitigate the risks identified in the national risk assessment, where legal persons were found vulnerable to abuse for money laundering and terrorism financing activities.

Documents Required

- Original Mandate

- Certified ID

- Securities Register (Shareholder Certificate)

- Beneficial Interest Register

- Disclosure Form

- Beneficial Ownership Registration Certificate

Disclosure Form:

• The form should contain a hierarchical entity-relationship diagram
• Any trusts, should be reflected in the document
• The document should assist the regulator in understanding how the company identified the beneficial owner(s)

The post Beneficial Ownership appeared first on Company Startup.

Sole Proprietors, and enterprises with an annual turnover below R 10 million.

The levels are calculated as follow:

– Level 1 issued if black ownership is 100%.

– Level 2 issued if black ownership is 51% or more.

– Level 4 issued if black ownership is less than 51%.

Duration: 1 Day

Please complete the below form and send supporting documentation to info@companystartup.co.za

FORM

Company name

Registration number

Industry

Type of entity

VAT number

Physical address

Postal address

Turnover

Number of shareholders

Number of black shareholders

Number of white shareholders

Percentage of black shareholders

Percentage of black women shareholders

Upload shareholder ID's

Upload shareholder certificates

What appears on the certificate?

- Enterprise Information (Name, Registration Number, Description, Address etc.)

- Accounting Officer Details (Name, Postal address, Profession, Membership/Practice number)

- Details of Members (Surname and First Names, ID Number or Date of Birth, Contributions, % Interests, Appointment Date, Postal Address and Physical Address of Each Member)

The post B-BBEE Affidavit / Certificate appeared first on Company Startup.

The post Company Certificate Original appeared first on Company Startup.

Please complete the below form and send supporting documentation to info@companystartup.co.za

FORM

Company name

Registration number

Latest turnover

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