founding statement of a close corporation

CLOSED CORPORATIONS Founding statement and Certificate of Incorporation (CK1) signed by the authorised member; Latest amended Founding Statement (CK2) if applicable, signed by the authorised member; Certified proof of registered address of CC; SARS issued document confirming Income Tax and VAT registration number. We are the leading resource for freely available Legislation in South Africa and are used daily by thousands of professionals and industry leaders. Financial seperation of member from the CC. It is easy and inexpensive to change the Founding Statement of a Close Corporation. The Founding Statement is then sent to the Registrar of Close Corporations; An accounting officer must be appointed to the CC as he will draw up the financial statements; The Registrar of Close Corporations will issue a Certificate of Incorporation and a Registration number when the CC is registered. �? The Close Corporation must have a founding statement, also known as form CK1. A Close Corporation has members and a Company has shareholders and directors. Sorry we couldn't be helpful. A Close Corporation is registered in terms of the Close Corporations Act 69 of 1984. Should you require financial advice, please consult your financial planner. Members resolution / authority to act, printed on the CC letterhead,signed by all members and nominating one signatory / representative; Proof of physical … your founding statement and Section 24 allows a member to transfer his or her property to the close corporation. Registrar of Close Corporations. The Close Corporation must be registered with the Companies and Intellectual Properties Commission (CIPC) Founding Statement. CLOSE CORPORATIONS ACT, 1984 Sections 13, 15, 24, 29, 47 and 60 / Regulations 2 and 16 AMENDED FOUNDING STATEMENT To be lodged in triplicate Before completing the form, first take note of the notes on the reverse side of page 2. "founding statement" in relation to a corporation, means the founding statement of the corporation referred to in section 12 which has been registered in terms of section 13, and also any amended founding statement in respect of that corporation registered in terms of section 15(1) or (2). Solution for Plane CC was registered on 1 August 2015. A shareholder does not have to be a director, and a director does not have to be a shareholder. There is no legal obligation to convert a Close Corporation to a Company. 4. Registration of founding statement (sections 12 and 13) � � �� FICA Requirements for Close Corporation. A founding statement in terms of section 12 of the Act. Complete page 1 in one language only. Acts Online provides legislation, including amendments and Regulations, in an intuitive, online format. Founding Statement and Certificate of Incorporation (CK1); and. The equivalent of a PTY LTD Company Memorandum of Incorporation ("MOI") is the Close Corporation Founding Statement. REGISTRATION NUMBER Client Ref: OF CORPORATION / / PART A R30.00 payable in respect of changes in particulars in Part A … Changes to the Founding Statement of the close corporation may include: Change in principle business (Form CK2) Change in membership detail and change in financial year end (Form CK2) The CK2 form is made up of Part A and Part B and Part C. Part A relates to changes in respect of the name of the CC or the nature of the business. The founding statement of the Close Corporation (CC) sets out the following: The nature of the business -… “Any corporation may be incorporated as a close corporation, except mining or oil companies, stock exchanges, banks, insurance companies, public utilities, educational institutions and corporations declared to be vested with public interest in accordance with the provisions of this code. Close Corporation: Juristic Person: Juristic Person: Enjoys Perpetual Succession: Enjoys Perpetual Succession: No maximum shareholding : Can Have A Maximum Of 10 Members: Companies Can Be Shareholders: Companies Cannot Hold A Member’s Interest: Comprised Of Directors And Shareholders: Comprised Of Members: Has A Memorandum of Incorporation: Has A Founding Statement: May have … Amended Founding Statement (CK2) (if applicable) Proof of physical operating address. This is to certify that the Founding Statement (CC 1) of Has been registered and the above-named close corporation was this day incorporated in terms of the Close Corporation Act, 1988 * The above-named corporation has been converted from a company: (Reg. �? One copy of the Certificate of Incorporation is kept by the Registrar, another copy is sent to the CC and a third copy … payable in terms of the Act and as set out in the regulations. Documents required for the Close Corporation. 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