Webinars On-Demand

2024 Companies Act Amendments Updates

Overview  

The Companies Act plays a vital role for accounting professionals as it governs corporate conduct, compliance, and financial transparency, ensuring accurate reporting and safeguarding stakeholders' interests. 

This webinar aims to discuss the important role of the Companies Act on the backdrop of significant amendments to it that were signed into law by the President on 26 July 2024. 

We invite you to join Edith for this important discussion on the Act and how the recent changes impact you and your clients. 

 Learning objectives  

Attending this webinar will equip you with the following skills: 

• Companies Act Amendments updates. 

• Lodgement of Beneficial Ownership with CIPC and consequences of non-compliance. 

• Criminal sentencing for failure to lodge accurate Beneficial Ownership with CIPC. 

• Common challenges with the filing of Beneficial Ownership. 

• Strategies to ensure compliance with the updated Companies Acts. 

Content 

The webinar will cover the following topics: 

• Overview of the Companies Act. 

  • Role of the Act in business. 

  • Historical context. 

  • Recent amendments. 

• Impact of recent amendments. 

  • Detailed explanation. 

  • Practical implications. 

• Beneficial Ownership (BO). 

  • Definition and importance. 

  • Specific requirements. 

  • Step-by-step guide to filing. 

  • Common errors and how to avoid them. 

  • Overcoming BO lodgements challenges.  

• Penalties for non-compliance.  

  • Overview of potential fines and jail sentences. 

  • Strategies to mitigate risks and ensure compliance. 

• Best practices for compliance. 

  • Compliance checklist. 

  • Tools and resources.