This practical course provides a foundational overview of company formation and corporate structures in South Africa under the Companies Act 71 of 2008. Participants will gain an understanding of different company types, the roles and responsibilities of directors and shareholders, governance requirements, and the key compliance obligations applicable to businesses.
Establishing and managing a company involves more than simply registering a business. This course explores the fundamental principles of company formation and governance under the Companies Act 71 of 2008. Participants will learn about the various categories of companies, the distinction between directors, shareholders, and employees, and the legal rights, duties, and responsibilities associated with each role. The course also examines company names, the Memorandum of Incorporation (MoI), share management, meetings and notices, and the future of close corporations. Practical guidance is provided to help business owners, professionals, and advisors understand their compliance obligations and make informed decisions when forming and managing companies.
Key Topics Covered:
• Introduction to the Companies Act 71 of 2008
• Director vs Shareholder vs Employee
• Rights, Duties, and Responsibilities of Directors
• Rights and Responsibilities of Shareholders
• Company Formation Process
• Understanding the Memorandum of Incorporation (MoI)
• Company Names and Registration Requirements
• Management and Transfer of Shares
• Meetings, Resolutions, and Notices
• Categories of Companies
• Private Companies
• Public Companies
• Personal Liability Companies
• State-Owned Companies
• Non-Profit Companies (NPCs)
• The Future of Close Corporations
• Basic Corporate Governance and Compliance Requirements
• Entrepreneurs and Business Owners
• Start-up Founders
• Company Directors and Shareholders
• Accountants and Bookkeepers
• Company Secretaries and Administrators
• Compliance Officers
• Legal Practitioners and Candidate Attorneys
• Business Consultants and Advisors
• Professionals involved in company registrations and governance
• Anyone seeking a practical understanding of company formation and corporate compliance in South
