About the workshop
There are 52 decisions you need to make to ensure legal compliance and your company’s continued success. This one day workshop will ensure you are equipped to do this.
Under the new Companies Act, your existing company documents expire and new documents need to be compiled to ensure:
- your shareholder agreements (SHA’s) do not contradict the MOI (Memorandum of Incorporation) as the MOI will now override your SHAs.
- arrangements between shareholders and directors are defined,
- your suppliers know that you are authorised to deal with them,
- your bank loans are not recalled and your credit line is in place,
- your audit is passed (if you don’t have a new MOI, it could be held up), and lastly
- to avoid any potential chaos and confusion that will occur.
As mentioned above, soon your MOI will override your shareholder agreements, therefore it is imperative to transfer the detail of your shareholder agreements into a new MOI, otherwise your existing shareholder agreements will be meaningless.
Advocate Douglas J Shaw, will lay a solid foundation for the practical understanding of the Companies Act and its impact on commercial transactions and structures. He will then talk you through his unique 52 decision matrix including deciding whether your MOI will be director or shareholder friendly and whether you favour convenience or accountability, or something in between.
Based on your 52 decisions, a MOI can be drafted for you by the trainer (who has probably drafted more new MOIs than virtually anyone else in South Africa).
If you are not familiar with the contents of the new act, this could allow your competitors to take advantage of your non-compliance. Conversely, the course could allow you to gain a competitive advantage.
Lastly if you have thought of using standard issue MOIs, be cautioned. The old companies act accommodated standard documentation which everyone could use. However, under the new act, standard MOIs will give you a randomly chosen answer to each of 52 decisions.
Does that sound wise?
SEIFSA also offers the training on an in-house basis which is a more cost effective option for several delegates.
Advocate Douglas J. Shaw
Who should attend?
- Anyone who is a director, company secretary, entrepreneur, company owners or a manager of a company.
- Anyone who is a shareholder
- Accountants, lawyers and other professionals.
- Anyone involved in the day to day management of companies.
Dates and venues
|Monday, 3 June 2013|
Duration: half day
|SEIFSA Drummond Room |
6th Floor, Metal Industries House
42 Anderson Street, Johannesburg
Make a booking
The workshop will cover:
- Business Structure
- Corporate Relationships
- Understanding the impact on the company & stakeholders
- Key internal relationships
- Corporate Governance
- Reporting Requirements
Included in the fees:
- A course pack including relevant case law, a copy of the Act and the accompanying Regulations
- Tea and Refreshments
Tel: 011 298 9442