Twitter   Facebook   RSS

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!

IBN Licences & Ratings

FSB
FSB Licence

iquad
BEE Rating

IBN Network

IBN Offshore Solutions
WESGRO
Further links

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

Exchange Rates

EUR: 10.61
USD: 8.37
GBP: 13.25
CHF: 8.83
AUD: 8.29
Click a graph to view the detailed version.
Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 17.05.2012
Time: 23:14

Capetown:

Temp.: 17 °C / 63 °F
Wind: NNW / 14 kn
Sunrise: 07:05
Sunset: 18:19

Johannesburg:

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

Company Law

After four years of preparation, deliberation and discussion South Africa finalised its new Company Law in April 2009. It was finally ratified and in May 2011 the Companies Act (Act No. 71 of 2008) it came into force.

Aim of the new law is it to provide South Africa with a more contemporary law that shall not be shy of the modern tendencies world-wide with regard to the structures of companies, which shall attract investor confidence and contribute to national economic growth. The new company law has finally abolished the Close Corporation and members of such companies have 10 years in order to transform their close corporation into one of the new company types available.

Those new company types are:

  • Private Company (PTY)
  • Public Company (PLC)
  • Non-Profit Company (NPC)
  • State-Owned Company (SOC)

IBN Consulting assists not only with the transformation of those abolished Close Corporations, but also incorporates any new company type and drafts all relevant documents such as the Memorandum of Incorporation, Rules of Corporate Governance or Shareholders’ Agreements.

Over and above IBN Consulting has its own direct access to the Registrar of Companies (CIPC – the successor of CIPRO) and offers the following additional services:

  • Name Reservation
  • Name Change
  • Change of Registered Address
  • Change of Financial Year
  • Registration of Chartered Accountant
  • Appointments and Resignations of Directors
  • Issue, Transfer and Cession of Shares
  • Annual Returns to CIPC

Finally IBN Consulting offers the conduct of any legal due diligence and advises on general as well as specific company structures locally and internationally.