Back to Basics Companies Act Series: Business Rescue and Liquidation


Date: Sep 3, 2020 - Sep 3, 2020

CPD hours: 1 Hours

Time: 12:30 - 13:30

Event Type: Webinar

Presenter: Caryn Maitland
Owner, Maitland & Associates

The subject of death is not easy to face especially when it involves people who are close to us. Corporate entities are juristic persons and they have lifecycles. At some point in time, your business or your clients' businesses may face death due to operational difficulties or other reasons.

Overview 

The subject of death is not easy to face especially when it involves people who are close to us.

Corporate entities are juristic persons and they have lifecycles. At some point in time, your business or your clients' businesses may face death due to operational difficulties or other reasons.

In this webinar we deal with whether to save a dying business (Business Rescue) or put the final nail in its coffin (Liquidation).  We will look at the challenges around business rescue and the overview of the process and where the law stands regarding insolvency.

The Back to Basics Companies Act Series with our technical expert Caryn Maitland CA(SA, is designed for the accountant who is just starting out, as well as the practitioner that wants a refresher course on the Companies Act and how it has settled down into the South African corporate landscape. It is structured into bite-sized pieces that are topic related and designed to give an overview and insight into the Act and its day-to-day practical application.

Join Caryn Maitland CA(SA) on 3 September 2020 from 12:30 p.m. to 13:30 a.m.as she discusses business rescue and liquidation. These topics are very important especially now when many businesses are in financial distress due to the COVID-19 pandemic.


  Learning objectives

By the end of this event the participant should:

  • Understand what business rescue is;
  • Understand what liquidation is;
  • Understand business rescue proceedings;
  • Be aware of the rights of affected persons; and
  • Know how a company is voluntarily or involuntarily wound up.

Content

The webinar will cover the following topics:

  • The complexities of financial distress vs going concern.
  • Revisiting reckless trading.
  • Business Rescue:
    • The proceedings of business rescue.
    • The business rescue practitioner.
    • Rights of affected persons.
    • The business rescue plan.
    • Compromise with creditors.
  • Voluntary vs involuntary winding up of a company.
  • Deregistration of a company.

Obtaining your CPD certificate

This webinar qualifies for 1 CPD hour with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.

All attendees are issued with a CPD certificate available in an online profile.


About the presenter

Caryn Maitland CA(SA)

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.

Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  She is also involved with the annual SAICA SMP Technical tour.


Who should attend

The following persons will benefit from attending this webinar:

  • Professional Accountants including: RA, CA(SA),PA(SA) and BAP(SA);
  • Business rescue practitioners;
  • Accounting officers;
  • Bookkeepers; and
  • Trainee accountants.

Price            

  • R 238.00 - Online admission - Individual.
  • R 950.00 - Online admission - Company.

 

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.


  Additional material

By attending this webinar you will be provided with:

  • Summarised slide presentation.
  • Reference documents and/or course material where available.
  • You can ask questions during the webinar and you will also have access to me the presenter after the webinar.

Save this event to your Google or Outlook calendar.


Venues & Dates

The following venues and dates are available for this event.

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