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IBN Group

IBN Recruitment

Work at German Call Center?

We are looking urgently for German speaking Call Center Agents for the wider area of Cape Town! The necessary Work Permit can be organised at the same time.

IBN Offshore

Seychelles (IBC)

The Seychelles recently made a number of amendments to its International Business Companies (IBC) legislation, which will be enforced from 1 January 2013. The key amendments to the Act that clients should be aware of require an IBC to:

- Keep its share register and register of directors (or a copy) in the Seychelles

- Notify its Seychelles Registered Agent of the physical address (may be outside of the jurisdiction) where its minutes and resolutions are kept

- Notify its Seychelles Registered Agent of the physical address (which may be outside of the jurisdiction) where its financial records are kept

Contraventions of the amendments are subject to a daily penalty of USD25. A director of an IBC who knowingly permits a contravention is also subject to the same daily penalty. For any questions, please do not hesitate to contact IBN Offshore at dubai@ibn.co.za!

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News Highlight
23rd Apr 2012

BRICS Development Bank gets Green Light

In a first step to set up a development bank as counterweight to the US/EU-led World Bank and the IMF, the Finance Ministers of the BRICS member countries have met up this weekend on sidelines of the annual Spring Meeting of the World Bank and the IMF to discuss this important step.

In their consultations South Africa and other members of BRICS grouping have agreed on Sunday 22 April 2012 to establish a task force to come up with recommendations to set up a developmental bank, a move ...[MORE]

>> IBN News-Archive

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Date & Weather

Date: 17.05.2012
Time: 23:10

Capetown:

Temp.: 16 °C / 61 °F
Wind: NNW / 10 kn
Sunrise: 07:05
Sunset: 18:19

Johannesburg:

Temp.: 14 °C / 57 °F
Wind: NWW / 5 kn
Sunrise: 06:14
Sunset: 17:52
IBN - Company Setup: Public Company

Public Company

Public companies , generally referred to as “PLC” (Public Limited Companies) are structured in a similar way as the Private Company under the new Companies Act. They require a minimum of one shareholder as well as two directors and are the only legal entity that is allowed to borrow on the public market.

In this regard IBN Consulting offers the following services:

  • Consultation on the appropriate legal form of company
  • Structuring and set-up
  • Drafting of documentation for company register (director change, address change etc)
  • Monitoring of registration process with CIPC
  • Name reservation and change of name
  • Drafting and adaptation of Memorandum of Incorporation and shareholder agreement
  • Draft of Rules of Corporate Governance

If it is intended to list a PLC on the Johannesburg Stock Exchange (JSE), one has to bear in mind that the company needs a clean trading record and audited fainancials for at least three years.