What structural changes are proposed by the new Companies Act?

The Act proposes the establishment of one new institution, and the reformation/transformation of three existing company law entities, which together will provide for a more predictable regulatory and enforcement system.

The four institutions are:

  • The Companies and Intellectual Property Commission (CIPC), a new entity being formed via a merger between The Office of Company and Intellectual Property Enforcement (OCIPE) and the Companies and Intellectual Property Registration Office (CIPRO)
  • The Takeover Regulation Panel, reforming the current Securities Regulation Panel
  • The Financial Reporting Standards Council: an entity mandated to review the financial reporting standards within the South African context and to propose to the Minister any amendments thereto
  • The Companies Tribunal: a new entity focusing on expeditious alternate dispute resolution mechanisms within companies as well as providing for reviews of decisions made by the Commission to affected parties

IP Domains

Quick Links

Notices

The E-journal publication for
September 2017 is available online for viewing and download!!!

What's New ...

The Upload & Preview zone: a facility for registered users of the E-journal to submit their advertisements and preview their submissions before publication.

More...

 

To subscribe to the Latest Journal: Install the RSSreader on your computer. Go to the Latest Journal and place the mouse arrow on this RSSfeed icon RSSfeed and right click, then choose "Copy Shortcut or Url". Start RssReader and go to add(+) feed, then paste the url and press OK.