THIS COURSE HAS BEEN RUN - RUN THE VIDEO
BASIC COMPANY LAW AND SECRETARIAL PRACTICE COURSE - THERE IS NO CHARGE
This course is ideal for intermediate, junior and senior people and any one in a secretarial department who want to brush up their company law and secretarial practice knowledge. Senior people also need a refresher to many of the concepts before joining the advanced.
The course will be useful for people in any secretarial department whether they use Accfin or not.
On the successful completion of the the QUIZ a CPD certificate will be issued. A full set of notes will be given prior to the start of the session. This course will give you the background to company law in regard to company secretarial practice that you need to know before you can use any electronic system effectively. Even if you do company secretarial work manually this course will be of great benefit to you!
The course is led by Mark Silberman B.Acc C.A. SA who has been lecturing and consulting on company law and secretarial practice since the new act was implemented and many years before that.
The basic course consist of 2 parts. Please RUN the video for both!
14th January 2017 PART 1
15th January 2017 PART 2
A detailed set of notes in booklet form will be given together with actual examples taken from practice. There will also be a series of questions and answers.
1. INTRODUCTION
The things you need to know about the new companies act in order to handle the company secretarial affairs of a company. The reason for the promulgation of the new act and a comparison of the material differences with the old act.
2. BASIC STRUCTURE OF A COMPANY
What is a company and how does it work. We will deal with the reason why we need companies relating them to the Close Corporation (CC) position. We will compare the company to a sole trader and partnership. We will discuss the roles and responsibility of the directors, officers and the shareholders. Corporate Governance will also be discussed.
3. DOCTRINE OF CONSTRUCTIVE NOTICE AND RING FENCING
The new companies act brings about changes in The doctrine of constructive notice and the concept of ring fencing which will be dealt with in detail. The reasons why these concepts exist and when you need to use ring fencing. Examples of events likely to arise in practice.
4. CONSTITUTIONAL DOCUMENTS OF A COMPANY
The constitutional documents of a company, being the MOI, Rules and shareholder agreements. Why pre-emptions rights are critical in the case of a shareholder dispute. We will discuss the short form MOI in detail. Various references to sections in the act will be discussed. We will discuss the rules of the company and when you should use them and how effective they could be. Do we need shareholders agreements and what do we do about existing shareholder agreements.
5. DIRECTORS AND SHAREHOLDERS
The difference between directors and shareholders and their legal responsibility.
6. THE CONCEPT OF SHARE CAPITAL
We discuss the concept of share capital and why it plays such an important role in the company. We will deal with all the different types of shares, Ordinary or Common shares, preference shares, accumulated preference shares and redeemable preference shares making comparisons between the old and the new act. What is the real difference between par value and no par value shares? What must the MOI say in regard to share capital? How do we implement different voting rights on shares.
7. SHARE CAPITAL TRANSACTIONS
All the common transactions in respect of shares will be dealt with including; subscription of shares on formation, the allotment of additional shares and share transfers. What is authorized share capital and what happens when you run out of authorized shares? Who has the authority to issue shares? The essential documentation that must be kept. The course will work through various examples of the resolutions of share transactions that are required. Allotment and pre-emption rights and transferability and pre-emption rights.
8. SPECIAL RESOLUTIONS
The special resolution is key to virtually every material company secretarial transaction. Exactly when is a special resolution required and when does it have to be submitted to the CIPC, what sections of the Act do we need to understand in regard to special resolutions. How do we produce an electronic special resolution on a totally electronic basis? How to process a special resolution quickly and efficiently by making use of electronic systems.
9. THE AUDITOR’S SITUATION AND THE COMPANY’S ACT
We will be discussing the audit requirement and what is required in the MOI, if the client requires an audit or a review or compilation.
10. DIFFERENT TYPES OF COMPANIES
Domesticated and External Companies.
This course is ideal for intermediate, junior and senior people and any one in a secretarial department who want to brush up their company law and secretarial practice knowledge. Senior people also need a refresher to many of the concepts before joining the advanced.
The course will be useful for people in any secretarial department whether they use Accfin or not.
On the successful completion of the the QUIZ a CPD certificate will be issued. A full set of notes will be given prior to the start of the session. This course will give you the background to company law in regard to company secretarial practice that you need to know before you can use any electronic system effectively. Even if you do company secretarial work manually this course will be of great benefit to you!
The course is led by Mark Silberman B.Acc C.A. SA who has been lecturing and consulting on company law and secretarial practice since the new act was implemented and many years before that.
The basic course consist of 2 parts. Please RUN the video for both!
14th January 2017 PART 1
15th January 2017 PART 2
A detailed set of notes in booklet form will be given together with actual examples taken from practice. There will also be a series of questions and answers.
1. INTRODUCTION
The things you need to know about the new companies act in order to handle the company secretarial affairs of a company. The reason for the promulgation of the new act and a comparison of the material differences with the old act.
2. BASIC STRUCTURE OF A COMPANY
What is a company and how does it work. We will deal with the reason why we need companies relating them to the Close Corporation (CC) position. We will compare the company to a sole trader and partnership. We will discuss the roles and responsibility of the directors, officers and the shareholders. Corporate Governance will also be discussed.
3. DOCTRINE OF CONSTRUCTIVE NOTICE AND RING FENCING
The new companies act brings about changes in The doctrine of constructive notice and the concept of ring fencing which will be dealt with in detail. The reasons why these concepts exist and when you need to use ring fencing. Examples of events likely to arise in practice.
4. CONSTITUTIONAL DOCUMENTS OF A COMPANY
The constitutional documents of a company, being the MOI, Rules and shareholder agreements. Why pre-emptions rights are critical in the case of a shareholder dispute. We will discuss the short form MOI in detail. Various references to sections in the act will be discussed. We will discuss the rules of the company and when you should use them and how effective they could be. Do we need shareholders agreements and what do we do about existing shareholder agreements.
5. DIRECTORS AND SHAREHOLDERS
The difference between directors and shareholders and their legal responsibility.
6. THE CONCEPT OF SHARE CAPITAL
We discuss the concept of share capital and why it plays such an important role in the company. We will deal with all the different types of shares, Ordinary or Common shares, preference shares, accumulated preference shares and redeemable preference shares making comparisons between the old and the new act. What is the real difference between par value and no par value shares? What must the MOI say in regard to share capital? How do we implement different voting rights on shares.
7. SHARE CAPITAL TRANSACTIONS
All the common transactions in respect of shares will be dealt with including; subscription of shares on formation, the allotment of additional shares and share transfers. What is authorized share capital and what happens when you run out of authorized shares? Who has the authority to issue shares? The essential documentation that must be kept. The course will work through various examples of the resolutions of share transactions that are required. Allotment and pre-emption rights and transferability and pre-emption rights.
8. SPECIAL RESOLUTIONS
The special resolution is key to virtually every material company secretarial transaction. Exactly when is a special resolution required and when does it have to be submitted to the CIPC, what sections of the Act do we need to understand in regard to special resolutions. How do we produce an electronic special resolution on a totally electronic basis? How to process a special resolution quickly and efficiently by making use of electronic systems.
9. THE AUDITOR’S SITUATION AND THE COMPANY’S ACT
We will be discussing the audit requirement and what is required in the MOI, if the client requires an audit or a review or compilation.
10. DIFFERENT TYPES OF COMPANIES
Domesticated and External Companies.
