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The Financial Services Board amendments to the JSE Listings Requirements (board notice 52 of 2017) which are now in effect, are primarily focused on two aspects: They include certain of the obligations set out in the King Report on Corporate Governance for South Africa, 2016 (King IV) as mandatory obligations in the Listings Requirements (the King IV Amendments); and They incorporate a listed company’s obligation in terms of section 13(G) of the Broad-Based…
Annual returns – this may sound more like a tax requirement but is in fact a Companies Act 2008 requirement that every company must adhere to. The annual return is the submission of the amount of a company’s turnover for the previous year. Each year, companies are required to file this information with the Companies and Intellectual Property Commission (CIPC) within 30 business days after the anniversary of the company’s incorporation date. This applies to all…