Companies Act: An Update on Recent Amendments
Presenters : Edith Wilkins
Overview
The Companies Act shapes the way businesses function, disclose information, and interact with their stakeholders. It is a must that every accounting practitioner understands this Act and keeps abreast of any amendments to it.
Recently, an important amendment was made requiring companies to file Beneficial Ownership (BO) information to the CIPC. We have invited Edith Wilkins to explore this change and equip you with insights to effectively integrate these changes into your business practices.
Learning objectives
Attending this webinar will equip you with the following skills:
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Possess a clear overview of the Companies Act and how it shapes the regulatory landscape for companies.
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Have an awareness of the recent amendment requiring the lodgement of Beneficial Ownership registers.
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Comprehend the reasons behind these amendments and their significance in the business environment.
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Be updated on the latest FICA and Beneficial Ownership requirements.
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Know and be able to follow the correct procedure for filing of Beneficial Ownership registers.
Content
The webinar will cover the following topics:
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Overview of the Companies Act.
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Recent amendments to the Act.
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Important definitions:
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Beneficial ownership.
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Beneficial Interests.
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Companies affected by beneficial ownership amendment.
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Applicable Sections of the Act.
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Lodgement of BO register.
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Requirement to appoint a company secretary.
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Duties of the company secretary.
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Keeping of company records.
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Access to Statutory records.
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Fees and penalties.
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AFS vs FAS.
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Compliance checklist.
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Reportable irregularities.
