The Companies Act is a piece of legislation that governs the incorporation, operation, and dissolution of companies in many jurisdictions around the world.
The Companies Act is a piece of legislation that governs the incorporation, operation, and dissolution of companies in many jurisdictions around the world. Its provisions typically cover a wide range of topics related to corporate governance, including the rights and responsibilities of directors and shareholders, the issuance and transfer of shares, financial reporting requirements, and procedures for mergers, acquisitions, and liquidations. The Companies Act shapes the way businesses function, disclose information, and interact with their stakeholders. It is a must that every accounting practitioner understands this Act and keeps abreast of any amendments to it.
Learning objectives
By attending this webinar, you will develop the following competencies:
Gain a comprehensive understanding of the legal framework established by the Companies Act within the relevant jurisdiction.
Learn about the principles of corporate governance outlined in the Companies Act, including the roles and responsibilities of directors, officers, and shareholders.
Possess a clear overview of the Companies Act and how it shapes the regulatory landscape for companies.
Have an awareness of the recent amendment requiring the lodgement of Beneficial Ownership registers.
Comprehend the reasons behind these amendments and their significance in the business environment.
Be updated on the latest FICA and Beneficial Ownership requirements.
Know and be able to follow the correct procedure for filing Beneficial Ownership registers.
Content
The webinar will cover the following topics:
Overview of the Companies Act.
Recent amendments to the Act.
Important definitions:
Beneficial ownership.
Beneficial Interests.
Companies affected by beneficial ownership amendment.
Applicable Sections of the Act.
Lodgement of BO register.
The requirement to appoint a company secretary.
Duties of the company secretary.
Keeping company records.
Access to Statutory records.
Fees and penalties.
AFS vs FAS.
Compliance checklist.
Reportable irregularities.
Obtaining your CPD certificate
This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognized for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA, and SAIPA.
All attendees are issued with a CPD certificate available in an online profile.
Who should attend?
The following persons will benefit from attending this webinar: