A comprehensive guide to the Companies Act of 2008 for KRG 200 students. It covers all the work required for our final exam. This section covers the accounting records requirements of companies. The notes are visually appealing and are taken from the Companies Act of 2008 and Piet Delports - New En...
, Requirements of the companie
1. All companies must continuously maintain at least 1 office in
6. Annual Financial statements MUS
SA & the dress of the office must be registered
within 6 months after financial ye
2. Every company must maintain the following records: ‣ The AFS must include:
i. Copy of their MOI & all amendments a. An auditors report ( if they
ii. Record of all its current & past directors b. Directors report - pertainin
iii. Copies of: affairs of the business
a. All reports presented at AGM’s ‣ The AFS must be approved by
b. Annual financial statements & accounting by an authorised director
records ‣ The AGM notice must contain
c. Notice & minutes of all shareholders meetings AFS & steps on how to obtain
d. Any written communications sent by the ‣ Any person who has a benefic
company to its shareholders company is entitled to receive
e. Minutes of all meetings & resolutions of director AFS
and audit committee meetings *Note: if every shareholder of a priva
*NOTE: any person with a beneficial interest in the director - the AFS do not need to be
company has a right to inspect & copy any of the records AGM
above mentioned - EXCEPT the accounting records &
minutes of directors meetings 7. Every profit company must maint
register
3. Annual Financial statements MUST indicate on their first page:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NadiaSantosuosso. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
