THE COMPULSORY ROTATION OF AUDITORS

Every public and state-owned company has to appoint an auditor and a company secretary. However, in terms of section 92 of the Companies Act, 2008, the same individual is not allowed to serve as the auditor or designated auditor of a company for more than 5 consecutive financial years. What does this mean for my […]

JURISDICTION OF COURTS IN MATTERS INVOLVING COMPANIES

Traditionally, and under the previous Companies Act, a company could have a principal place of business and a registered office. A company could, for instance, conduct its business at one office and also have a registered office with its auditors. In terms of the 1973 Companies Act any division of the High Court where a […]