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.
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.