LAW UPDATE : ISSUE 2

Posted on: March 28th, 2013 by STBBSiteOwner

28 March 2013

TRANSACTIONS WITH CLOSE CORPORATIONS – BEWARE THE CONSEQUENCES OF DEREGISTRATION

Part 2 of our new series

Of late, the alarming numbers of Close Corporations being deregistered by the Company and Intellectual Property Commission, have received increased attention in the media. Apart from having adverse effects on the close corporation’s assets and activities, it places creditors of the corporation at a disadvantage, unless precautions were put in place. Let us explain.

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Summary

LAUNCHING COMPETITIONS TO ATTRACT CUSTOMERS – WHAT THE CPA SAYS

If you are in any way involved with the running, promoting or sponsoring of a promotional competition, you are ‘a promoter’ for purposes of the Consumer Protection Act. This means that you must comply with the Act’s requirements relating to information to be furnished to participants, the detail to be included in the competition rules and the storing of information and documentation after the competition has been finalised. Find out what is required in order to be compliant and avoid incurring the penalties for non-compliance.

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Summary

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