The Companies Amendment Bill proposes amendments to section 33 of the Act. This amendment requires a company to file a copy of their securities register with CIPC (share transfer register).
CIPC have never kept record of the issued share capital of companies.
This will be beneficial to many companies. Many share registers have been lost, stolen or damaged. You can’t retrieve this information without a share register.
One must at all times have share certificates to support the share register.
The information would now be easily accessible at CIPC.
The policing of compliance especially the Broad-Based Black Economic Empowerment Act would assist CIPC.
It is best to enlist the services of a reputable company. We maintain share registers and manage all company secretarial, compliance and statutory functions.