Still uncertain about who the beneficial owners are? What to submit to SARS, CIPC, and the Master’s Office?
Please join me for a session on the different definitions and submissions of beneficial ownership in relation to the recent legislative requirements. It is crucial for businesses to understand and comply with these regulations to ensure transparency and accountability.
During the session, we will provide a comprehensive overview of the definitions of beneficial ownership as outlined in each of these acts. We will explain the criteria used to determine beneficial ownership, such as ownership thresholds, control, and influence.
Explaining the necessary documentation, forms, and timelines for submitting beneficial ownership information to the relevant authorities.
• Beneficial ownership in terms of the FIC Act, the Companies Act, the Trust Property Control Act, and the Financial Sector Regulation Act
• Definition of a Beneficial Owner of a Trust
• Disclosure of beneficial ownership
• Beneficial ownership information to be recorded by the trustee
• The Master’s register on beneficial ownership of the trust
• Submission of beneficial ownership information to SARS
• Definition of a Beneficial Owner in terms of the Companies Act
• Establishment of the beneficial owner register
• Customer Due Diligence on the Beneficial Owner in terms of FIC
• Non-Profit Organisations vs Non-Profit Companies
• Problems with submission discussion.
Any person who provides trust, accounting and company services to clients as a regular feature of their business.
