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Cecil Kilpin | April 2021 Newsletter

By |2021-05-26T10:12:13+02:00Apr 27th, 2021|Business, Finance + Economics, Goverment, Newsletter|

Travelers’ Disclosure Requirements Any person travelling in or out of the Republic of South Africa should unreservedly declare: All goods (including goods of another person) upon his person or in his possession which were purchased or otherwise acquired abroad or on any ship, vehicle or in any shop selling goods on which duty has not been paid; were remodeled, processed or repaired abroad, on arrival Goods that are prohibited, restricted or controlled under any law Goods that were required to be declared before leaving the Republic Before leaving, all goods which a traveler is taking with them beyond the borders of the Republic, including goods which are: Carried on behalf of another person Intended for remodel, process or repair [...]

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Cecil Kilpin | May 2020 Newsletter

By |2020-12-03T06:49:20+02:00May 30th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

DIRECTOR’S ROLE AMIDST THE COVID 19 PANDEMIC The director’s role has without a doubt become more onerous amidst the Covid-19 pandemic. However, the Companies Act makes provision for operating in a virtual world, which includes, inter alia: A signature or an initial on a document may be made by or on behalf of a person by the use of an electronic signature or an advanced electronic signature. Proxy forms, annual financial statements, prospectuses and annual reports may be lawfully created, signed, retained and sent electronically Meetings of shareholders and directors respectively may be conducted entirely by electronic communication The definition of “present at a meeting” includes a “virtual presence” or representation by electronic proxy   Directors and officers are required to be cognisant of corporate legislation pertaining to their office, and [...]

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