Company Secretarial Services | Why Louis Meyer Secretarial?
Louis Meyer Secretarial offers professional outsourced company secretarial services to companies and businesses registered in South Africa. We serve to support our clients in their CIPC and general company regulatory compliance.
Our company secretarial services include:
- Shelf companies
- Annual returns of companies and CC’s
- Share capital amendments
- Yearend & registered address changes for companies or CC’s
- Beneficial ownership declarations
- New company registrations
- New non-profit and external companies
- Directors, auditors & public officer amendments
- Company register maintenance & updates
- Business registration
- Reinstatement of companies & CC’s
- Company & CC name changes
- Special resolutions
- Memorandum of incorporation (MOI)
- Deregistration of companies & CC’s
- Company & CC annual duties
- Conversions of CC’s to private companies
Changes to a company’s share capital
Shares are the units into which the ownership interest in a profit company is divided. The share capital of a company is comprised of the funds contributed by shareholders to the company in exchange for their shares in the company.
The new Companies Act, 2008 has changed the basis on which companies are capitalized. Shares issued in terms of the 2008 Act have no nominal or par value. The board must determine the price or other adequate considerations at which shares may be issued at the time of issuing the shares.
Companies that do have no par value shares, after the implementation of the Companies Act, 2008, on 1 May 2011:
May not authorize any more or new par values shares, and
May not increase or subdivide par value shares
Companies with par value shares may convert its par value shares to no par value shares, where after such may be increased or subdivided.
Our services include:
Our services include:
Increase of authorized share capital
Decrease of share capital
Transfer of shares
Issue of share certificates
Acquisition of shares
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Directors, Auditors and Public Officers
A company would add or remove a director in any of the following instances:
Resignation or death
Ceasing to hold the office, title or designation in the company that entitles the person to be an ex officio director
Becoming incapacitated or disqualified to act as a director
Is removed by determination of the company, it’s owner or its Board
The office of auditor may not remain vacant for more than 40 business days. An auditor may serve a maximum of 5 consecutive financial years. The timeframe for the processing of a change of auditors is 3-5 working days from the date of receipt of the necessary supporting documents. Our services include:
- Appointment of new directors, public officers and auditors.
- Resignations of directors, public officers and auditors.
- Removal of directors, public officers and auditors.
- Deceased directors, public officers and auditors.
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Click Here for more about Company Registrations.
Year end and registered address changes
A company is entitled to change the date of its financial yearend once during any individual financial year. The timeframe for CIPC processing of amendments to the registered address is 10-15 working days from receipt of all required documentation.
A company is required by law to ensure that their registered address information is up to date and may be liable to a fine or prosecution if it is found to be incorrect. The timeframe for CIPC processing of amendments to the registered address is 10-15 working days from receipt of all required documentation.
Our services include:
- Change of year end
- Change of registered address
Company register and update
It is the duty of the company to establish and maintain a securities register (or share register). Section 50 of the Companies Act contains helpful information on the legal requirements for the establishment and maintenance of a securities register.
Special Resolutions
Our services include:
- Submission of special resolutions
- Amendments to company MOI
- Changes in company name
- Approval of the winding-up of companies
Other Services
As part of the services offered to our clients, we offer:
- Document storage
- Document discloser
- Copies or retrieval of CIPC documents