FAQ category: Company Registration

A Pty Ltd is a private company that is trading for profit, a separate legal entity distinct from its shareholders. A private company (Pty) Ltd cannot offer its shares to the public, has fewer disclosure and transparency requirements and must compromise of at least one director. A private company (Pty) Ltd can have as many … Continued

The Companies Act provides for 2 types of companies, namely – non-profit companies (the previous Section 21 companies); and profit companies, namely, private companies, personal liability companies, public companies and state-owned companies. A non-profit company has a comparable status to a non-profit company under the old Companies Act, and is incorporated for a public benefit … Continued

A new company is incorporated by lodging the notice of incorporation, and adopting either the CIPC’s standard short form or the long form of the memorandum of incorporation (“MoI”) (which replaces the memorandum and articles of association). The MoI is the only constitutional document of the company that sets out the rights, duties and responsibilities … Continued