When you register a company with CIPC, you would need to issue the shares of the company. A share certificate is used to issue shares.
This is a very important aspect as part of your company registration, and for the following reasons.
Some important things to keep in mind regarding a share certificate:
- The share certificate is the document to proof that the shares of a company belongs to a certain person or entity.
- Financial institutions need this as part as their verification process when you open a bank account for your company, as well as applying for finance for the company.
The following information is required to state on a share certificate:
- The original share certificates are the responsibility of the director / s
- A share certificate need to be signed to be valid
- To make any changes to shareholding, it is advised to accompany a share certificate with a signed resolution or sale agreement of the shares.
- All share certificates issued, including the resolutions and / or minutes of the meetings, need to be documented in the company register book.
- Share certificates must be issued in sequential numbers and need to be stated on the certificate as well as the company register book.
- ID number and full names of the shareholder (if an individual)
Entity registration number and full registered name of the shareholder (if a company or Trust)
- Number of share
- Type of shares
- Amount paid for the shares
Feel free to contact our office for assistance with you share certificates.
We are currently members of the South African Institute of Tax Practitioners & Institute of Accounting & Commerce (The principle director JN Basson are registered with practice number AO652993).
Please complete the enquiry form below and we will get in touch with you.