Webinars On-Demand

The Companies Amendment Act 2024 and Second Companies Amendment Act 2024

Overview  

The Companies Second Amendment Act, 17 of 2024 and selected provisions of the Companies Amendment Act, 16 of 2024 came into effect on 27 December 2024. Key amendments include:   

• Memorandum of Incorporation (MOI) changes. 

• Requirements for providing financial assistances to subsidiaries. 

• The appointment of Social and Ethics Committees. 

• Matters around auditor appointments. 

The amendments have significant implications for businesses, stakeholders and professionals engaging with the Companies and Intellectual Property Commission (CIPC). 

We invite you to join Edith Wilkins for an in-depth discussion on these legislative changes, their practical impact and how to ensure compliance in an evolving corporate landscape. 

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Identify the key provisions amended in the Companies Amendment Act, 16 of 2024 and the Companies Second Amendment Act, 17 of 2024.  

• Review the specific provisions that came into force and their immediate implications for businesses.  

• Understand how these changes affect corporate governance, financial reporting and compliance requirements for companies and stakeholders.  

• Know the legislative intent behind the amendments, including enhancing transparency, improving corporate governance and reducing regulatory burdens.  

• Gain clarity on recent CIPC notices, directives and compliance requirements that influence company filings, annual returns and other regulatory interactions.

Content 

The webinar will cover the following topics: 

• Objectives, purpose and function of the Act. 

  • Objectives of the Act. 

  • Purpose. 

  • Core functions and applications of the Act. 

• Effective sections in the Companies Amendment Act. 

  • Detailed review.  

  • Implications of these changes.    

• The Companies Second Amendment Act of 2024. 

  • Key updates introduced. 

  • Relevance and impact of these updates.  

• Notices issued by the CIPC.  

  • Overview of critical notices. 

  • Impact of these notices.   

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