Company Registrations Help

Professional Company Registrations Help To Meet The Requirements Of The New Act

With the new Companies Act of 2008 now in effect many aspiring and existing business owners will benefit from some company registrations help. Fortunately staying up to date with the latest regulations is one of our priorities and such we can assist with changes required for companies and close corporations.

In addition, we can also provide company registrations help for new businesses. The old Companies Act of 1973 is no longer in place, meaning that when you want to register a business, you will no longer be able to select Close Corporations as a business entity type. Although existing close corporations continue in the same way as before, some amendments may be necessary and this is where our expertise is appreciated.

Conversion of Close Corporations to Companies

Although a company cannot be converted to a close corporation, it is possible to convert the close corporation to a company entity. Our professional team provides company registrations help in this regard as well.

There is no payment required to the Registrar for the conversion, but it must be done in accordance with the regulations as stipulated in the new Companies Act. One should note that the Close Corporation Act stays intact regarding changes to the close corporation regarding the letter for accounting officer resignation, amendments to the close corporation, liabilities exceeding asset letters, and the annual returns.

We provide the following assistance with company registrations:

Reservation of the company name.
Deregistration of the company or close corporation.
Liquidation of a business.
Restoration.

Companies are incorporated by means of the completion of specific forms including the Memorandum of Incorporation and the Notice of Incorporation. The Memorandum of Incorporation is a consolidation of the Association and the Memorandum of Articles.

It is important to meet the requirements as stipulated in the New Companies Act. The requirements are specifically needed to for the protection of the shareholders.

Under the new act, companies have the same legal powers as a person unless the Memorandum of Incorporation states otherwise such as that the director of a company may not act on behalf of the company on their own.

There are also other limitations and exclusions which should be noted and with which we will assist as part of our company registrations help that we provide to clients. Ensure that your business entity meets the various requirements. Let the professionals assist you with the various processes of conversion and registration.

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