CIPC’s growing focus on the compliance of charismatic church NPC’s

In terms of section 187(2)(b) of the Companies Act No. 71 of 2008 (“the Companies Act”), the Companies and Intellectual Property Commission (“CIPC”) is responsible for ensuring compliance with the Companies Act. To support this responsibility, CIPC implemented an electronic Compliance Checklist service on its website (“the Compliance Checklist”) in 2020. This service requires a […]

Directors trading in insolvent circumstances

Directors trading in insolvent circumstances Personal liability of directors is becoming an important issue in South Africa. The topic has been placed under the spotlight recently and directors need to be aware of their duties, responsibilities and the circumstances where they could be held personally liable for the debt of the company. Two types of […]