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CIPC Compliance Checklist Working Paper

The following table sets out the relevant sections that are referred to in the CIPC Compliance Checklist, and each section’s detailed requirements/explanations can be found in the Checklist.pdf document:

No Co Act Section Explanation of Co Act Section Yes No N/A
   1. 4 Solvency and liquidity test
   2. 15 Memorandum of Incorporation, shareholder agreements and rules of company
   3. 26 Access to company records
   4. 27 Financial year of company
   5. 28 Accounting records
   6. 29 Financial statements
   7. 30 Annual financial statements
   8. 32 Use of company name and registration number
   9. 33 Annual return
  10. 44 Financial assistance for subscription of securities
  11. 45 Loans or other financial assistance to directors
  12. 50 Securities register and numbering
  13. 61 Shareholders meetings
  14. 66 Board, directors and prescribed officers
  15. 69 Ineligibility and disqualification of persons to be director or prescribed officer
  16. 70 Vacancies on board
  17. 71 Removal of directors
  18. 86 Mandatory appointment of company secretary
  19. 90 Appointment of auditor
  20. 92 Rotation of auditors
  21. 94 Audit committees
REGULATIONS IN TERMS OF THE COMPANIES ACT NO. 71 (2008) (AS AMENDED)
  22. 21 Registered office of company
  23. 43 Social and Ethics Committee
Schedule 1 – PROVISIONS CONCERNING NON-PROFIT COMPANIES
  24. 1 Objects and policies
  25. 2 Fundamental transactions
  26. 3 Incorporators of non-profit company
  27. 4 Members
  28. 5 Directors

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)

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