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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If you are non-compliant, we will provide you with a solution to resolve the non-compliance as well as an obligation free quote, if you would like us to resolve it for you.

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Section 83(4) of PAIA empowers the Regulator to also request
the Heads of private bodies to furnish it with reports about requests for access to records of
the private body.

The information officer of each public body must annually submit to the Information Regulation a report stating in relation to the public body –

a) the number of requests for access received;

b) the number of requests for access granted in full;

c) the number of requests for access granted in terms of section 46

d) the number of requests for access refused in full and refused partially and the number of times each provision of this Act was relied on to refuse access in full or partial;

e) the number of cases in which the periods stipulated in section 25(1) were extended in terms of section 26(1);

f) the number of internal appeals lodged with the relevant authority and the number of cases in which, as a result of an internal appeal, access was given to a record;

g) the number of internal appeals which were lodged on the ground that a request for access was regarded as having been refused in terms of section 27;

h) the number of applications to a court which were lodged on the ground that an internal appeal was regarded as having been dismissed in terms of section 77(7); and

i) such other matters as may be prescribed.

The post PAIA Annual Report Submissions appeared first on Company Startup.

The company has 12 months to submit the ITR14 after the financial year-end. The financial year end is indicated
on the company registration certificate from CIPC.

The declaration must be accurate, stating all income and expenses so that over or under tax assessment is avoided. For the assessment year ending on, or after 31 March 2023, the rate of Corporate Income Tax is 27% (previously 28%).

Our services:

• Setting up the declaration on your behalf  stating all income and expenses.
• Completing and submitting the Company Income Tax return (ITR14) at SARS
• Ensuring timely submission of the annual CIT before the specified due date.

The post Corporate Income Tax (Active Companies) appeared first on Company Startup.

Companies must declare their income annually by submitting a Company Income Tax Return (ITR14)
once their registration has been finalised.

The company has 12 months to submit the ITR14 after the financial year-end. The financial year end is indicated
on the company registration certificate from CIPC.

The declaration must be accurate, stating all income and expenses so that over or under tax assessment is avoided. For the assessment year ending on, or after 31 March 2023, the rate of Corporate Income Tax is 27% (previously 28%).

Our services:

• Setting up the declaration on your behalf  stating all income and expenses.
• Completing and submitting the Company Income Tax return (ITR14) at SARS
• Ensuring timely submission of the annual CIT before the specified due date.

The post Corporate Income Tax (Inactive Companies) appeared first on Company Startup.

The first submission is due six (6)
months from the start of the financial year.

The second
submission is due at the end of your financial year.

Our Services:

• We'll complete the IRP6 Form on your behalf and ensure your submissions are up to date
• We'll ensure you stay compliant with SARS regulations and optimize your tax payments.

The post Provisional Tax (Inactive Companies) appeared first on Company Startup.

The POPI Compliance Certificate Service involves conducting a gap analysis of the Company's POPI requirements, identifying areas of non-compliance. If the Company is found to be compliant following the gap analysis/audit, a certificate of compliance will be granted.

Our services include:

1. Company Website Compliance: We will conduct a thorough assessment of your website against a checklist and provide you with a short report. We will also assist you in drafting and implementing necessary Terms and Conditions for your website, as well as a POPI Policy.
2. Email Disclosure and Disclaimer: We will provide you with a comprehensive email disclaimer to ensure that your communication channels are compliant with POPI regulations.
3. Company POPI Policy: We will provide you with a POPI policy for your company to ensure that you are fully compliant with the regulations.
4. Employment Contract Provisions: We will provide you with guidance on the necessary provisions to include in your employment contracts to ensure that you are fully compliant with POPI regulations.
5. Information officer registration certificate.
6. Information officer responsibilities and duties
7. Information appointment letter
8. Communication channels including internal and external

The post Full POPI Compliance Certificate appeared first on Company Startup.

In order for the CIPC to process the deregistration request, the following information is required on an original letter head of either the company, close corporation or any other third person applying for deregistration:-

• Statement confirming that

(i)    the company or close corporation is not carrying on business or is dormant and
(ii)   has no assets, or because of the inadequacy of its assets, that there is no reasonable probability of the company being liquidated (if third party, the statement must be supplemented with sufficient documentary proof confirming the statement);

• Tax clearance certificate or any other written confirmation from SARS that no tax liability is outstanding; (an affidavit if not registered for tax)

• If the company or close corporation submits the request, the letter must be signed by each active director, or otherwise by the person who is requesting the deregistration;
• Tax number (if available); and
• Certified ID copy of any of the persons signing the letter wherein deregistration is required.

The post Company De-Registration appeared first on Company Startup.

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.

Our POPI compliance service offers comprehensive solutions to help businesses achieve full compliance with the Protection of Personal Information (POPI) Act.

Our team of legal experts have developed a comprehensive POPI compliance document pack specifically designed for active and trading companies to help you achieve full POPI compliance. Our compliance pack will ensure that your website and communication channels, including email, are compliant with POPI regulations.

Furthermore we check the nature of the business and all spaces where personal information is used. This includes relationships from clients, customers, suppliers, contractors and staff.

Our services include:

1. Company Website Compliance: We will conduct a thorough assessment of your website against a checklist and provide you with a short report. We will also assist you in drafting and implementing necessary Terms and Conditions for your website, as well as a POPI Policy.
2. Email Disclosure and Disclaimer: We will provide you with a comprehensive email disclaimer to ensure that your communication channels are compliant with POPI regulations.
3. Company POPI Policy: We will provide you with a POPI policy for your company to ensure that you are fully compliant with the regulations.
4. Employment Contract Provisions: We will provide you with guidance on the necessary provisions to include in your employment contracts to ensure that you are fully compliant with POPI regulations.
5. Information officer registration certificate.
6. Information officer responsibilities and duties
7. Information appointment letter
8. Communication channels including internal and external

Partner with us on your journey towards POPI compliance today!

The post Comprehensive POPI Compliance for Trading Companies appeared first on Company Startup.