Announcements


New Tax Calculator - Thursday, February 26, 2015
We have updated out Tax Calculator with the new tax rates as presented by Finance Minister Nhlanhla Nene on 25 February 2015, at 2pm.

Try the Free Online Tax Calculator today to see how the new budget affects your pocket! 
You are here > Services > Corporate Secretarial

Corporate secretarial services

Accumulo Consulting provides a wide range of company, close corporation, trust and other corporate secretarial services. Our team of administrators will ensure that your business is always compliant with its statutory responsibilities. This mundane yet vitally important responsibility is ideal to outsource to us.

Our services include:

Companies


  • Name reservation
    Six names in descending order of preference need to be supplied. If the first name is not accepted then the next name is tested and so forth until either a name is accepted, or all names are rejected. A new list of six names would need to be submitted if all are rejected. For more information about this please visit our FAQs page.


  • Formation of a company
    At the inaugural shareholders meeting the shareholders of the company record the share capital (type of shares, value of each share, number of shares), select the year-end (the last day of the month that the company's financial year will end), the directors, the auditors, the public officer (this is the person who has been approved by the Commissioner and is the representative of the company), and the registered and postal addresses. For more information about this please visit our FAQs page.


  • Change of company name


  • Appointment of director


  • Resignation of director


  • Change of auditor
    On the possible change of auditor the proposed auditor needs to communicate with the incumbent auditor to ensure there are no professional reasons which prevent the proposed change. Should clearance be given, the proposed and incumbent auditor as well as a company representative need to sign the form recording the change which needs to be forwarded to CIPC. For more information about this please visit our FAQs page.


  • Share transfer


  • Change in authorised or issued share capital
    The authorised share capital may be increased, decreased, split or consolidated to accommodate the structure required by the shareholders and directors of the company. The issued share capital may be changed by issuing new shares, buying back existing shares, splitting existing shares or consolidating existing shares. For more information about this please visit our FAQS page.


  • Issue of shares


  • Share buy back


  • Change of financial year-end
    The current financial year-end may be changed, but can only be extended by six months or brought forward by six months. This cannot be done retrospectively - that is, after the year-end has already passed. For more information about this please visit our FAQs page.


  • Minutes and resolutions


  • Change of registered address and postal address


  • Restoration of a deregistered company


  • Annual duty
    Annual duty is a charge by CIPC for the maintenance of each company's statutory records held by it. This is due by the end of the month following the anniversary of the month that the company was formed and is calculated on the turnover of the company as follows:

    • For a company with a turnover of less than R10 million - R450.00
    • For a company with a turnover of more than R10 million but less than R50 million - R2 500.00
    • For a company with a turnover of more than R50 million - R4 000.00


    If the duty is not paid within the applicable month, CIPC charges a penalty of R150.00. If the duty is outstanding for a period of six months, CIPC will deregister the company. For more information about this please visit our FAQs page.


  • Disclosure certificate from CIPC

Close corporation


  • Name reservation
    Six names in descending order of preference need to be supplied. If the first name is not accepted then the next name is tested and so forth until either a name is accepted, or all names are rejected. A new list of six names would need to be submitted if none are accepted. For more information about this please visit our FAQs page.


  • Formation of a close corporation
    At the inaugural members meeting the members of the close corporation record the members’ contribution (the rand value of each member’s contribution as well as its percentage of the total expressed), select the year-end (the last day of the month that the close corporation's financial year will end), the members, the accounting officer, the public officer (this is the person who has been approved by the Commissioner and is the representative of the close corporation), and the registered and postal addresses. For more information about this please visit our FAQs page.


  • Change of close corporation name


  • Appointment of member


  • Resignation of member


  • Change in accounting officer
    On the possible change of accounting officer, the proposed accounting officer needs to communicate with the incumbent accounting officer to ensure there are no professional reasons which prevent the proposed change. Should clearance be given, the proposed accounting officer as well as a company representative need to sign the form recording the change which needs to be forwarded to CIPC. For more information about this please visit our FAQs page.


  • Annual duty
    Annual duty is a charge by CIPC for the maintenance of each close corporation's statutory records held by it. This is due by the end of the month following the anniversary of the month that the close corporation was formed and is calculated on the turnover of the close corporation as follows:

    • For a close corporation with a turnover of less than R50 million - R100.00
    • For a close corporation with a turnover of more than R50 million - R4 000.00

    If the duty is not paid within the applicable month, CIPC charges a penalty of R150.00. If the duty is outstanding for a period of six months, CIPC will deregister the close corporation. For more information about this please visit our FAQs page.


  • Restoration of deregistered corporation


  • Other changes to the founding statement


  • Minutes and resolutions

Trusts


  • Formation of a Trust


  • Amendment to the Trust Deed


  • Change of Trustee

General forms


  • Proxy letter


  • Indemnity letter


  • Special power of attorney


  • Last Will and Testament


  • BEE EME Certificate