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Shareholder

Where does company shareholding get registered?

I get so many people asking me why we have not registered them as shareholders at CIPC, it’s time to explain. Members of CCs are registered at CIPC (because they are, amongst other things, “directors” of the CC). Directors of companies are registered at CIPC. Shareholders are not registered anywhere, except in the share register. The share register is usually an Excel sheet filed on the server at the registered office of the company. That’s it! There’s the only place you will find the shareholders. A share certificate is issued by the company secretaries to the shareholder and…

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Can SARS attack you as a shareholder, director or public officer of your company?

So many people who come to see me fail to understand the extent of their risk as shareholders and directors. Few of them ask about their being the Public Officer, but that’s because they have probably no knowledge of their appointment.
Most of their fears are the result of SARS’ low level staff believing that they have powers far beyond the law. So let’s deal with each of them in turn.

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