Questions and answers

How do you get Moi on CIPC?

How do you get Moi on CIPC?

At present, private companies with customised MOIs can only be registered manually. A Private Company with a standard MOI may be registered on-line on our website New E-services, BizPortal, at a self-service terminal, CIPC Mobile App or through a collaborating bank, such as FNB, NEDBANK, Absa, Sasfin and Standard Bank.

What does the Memorandum of Incorporation include?

The Memorandum of Incorporation is defined as a document that sets out the rights, duties and responsibilities of shareholders, directors and others within a company, and by which a company is incorporated in the Act or a pre-existing company was structured before the date that the Act comes into operation.

Does a CC need an MOI?

It is required to have Members only if its MOI provides for it to do so. Since a juristic person may not directly or indirectly be a Member of a Close Corporation, a Close Corporation may not be under the ‘ownership control’ of a juristic person. A Close Corporation may not be converted into a state-owned Company.

What is the difference between Moi and Constitution?

A company’s constitutional document is known as its memorandum of incorporation (MOI) and any provision in the MOI is void to the extent that it is inconsistent with the Companies Act.

Is a memorandum of association the same as memorandum of incorporation?

For pre-existing companies any existing Memorandum of Association and Articles of Association are deemed to be replaced by the Memorandum of Incorporation (MOI). However, pre-existing companies must formally replace their M&A with a Memorandum of Incorporation (MOI) in order to bring the company in line with the Act.

How do you find the memorandum of association of a company?

The memorandum is a public document that may be viewed by the public via Companies House. Every company has to keep a copy of the memorandum at their registered office or SAIL address. Likewise, companies have to keep a copy of the articles of association at their registered office or SAIL address.

What is Memorandum of a company?

A Memorandum of Association (MoA) represents the charter of the company. It is a legal document prepared during the formation and registration process of a company to define its relationship with shareholders and it specifies the objectives for which the company has been formed.

What is a Memorandum of incorporation used for?

The term “MOI” is an abbreviation for “Memorandum of Incorporation”. It is a document that sets out the rights, duties and responsibilities of shareholders, directors and other persons involved in a company.

Is it possible to convert a CC to a company?

If your close corporation (CC) has grown bigger and you want to compete with bigger companies in the same market, you can convert it into a company at the Companies and Intellectual Property Commission (CIPC).

What is the owner of a Pty Ltd called?

A private company, Pty Ltd or proprietary limited company is treated as a seperate legal entity. So even if you launch your business single-handedly, this type of business is registered as a separate legal entity. The owners of a Pty Ltd are also known as the shareholders.

What are Section 21 companies?

Section 21 of the Companies Act 61 of 1973 allows for a ‘not-for-profit company’ or ‘association incorporated not for gain’. Section 21 companies resemble business oriented (for profit) companies in their legal structure, but do not have a share capital and cannot distribute shares or pay dividends to their members.

What is Memorandum of Incorporation Moi?

What is a moi or memorandum of incorporation?

What is an MOI? A Memorandum of incorporation is a document that sets out the rights, duties and responsibilities of shareholders, directors and others within and in relation to a company and by which a company is incorporated under the Act.

What are the contents of Memorandum of association?

Explain the Contents of Memorandum of Association. A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause.

What is Memorandum of association?

Memorandum of Association. Definition: The Memorandum of Association or MOA is the legal document that has to be filed with the registrar of companies at the time of incorporation of the company.