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Thread: Every company must file an MOI by 30 April 2013

  1. #21
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    Let's do it now and get it over with!
    Judith
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  2. #22
    Yes, now please. Ideally after 20h00 or in the mornings (no screaming kids on my end ..)
    Houses4Rent
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  3. #23
    Senior Member Subscriber Sharon's Avatar
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    CORRECTION : CCs do NOT need an MOI

    but as Mark said... it is a smart idea to have one
    Sharon

    Courage is not about having the strength to go on.. it's about going on when you DON'T have the strength!

  4. #24
    Quote Originally Posted by Sharon View Post
    CORRECTION : CCs do NOT need an MOI

    but as Mark said... it is a smart idea to have one
    Correct, because they are registered as CC's and not as a Company (which is a PTY), so you can't get one if you are a CC!

    NPO's also don't need to have a MOI, but they do need to have the following:

    A NPO must submit annually narrative and financial reports to the Department of Social Development’s Non-profit
    organisation's Directorate.

    These two reports must contain:
    1. Narrative (written) Report:
    This describes your organisation’s activities over the previous twelve months, and includes the following sections:
    Section A: Basic details about the organisation on the form provided.
    Section B: The organisation’s major achievements over the year, in response to the questions provided.
    Section C: List of important meetings held by the organisation during the year, and details of any changes to your constitution.

    2. Financial Report:
    To be completed by a registered accounting officer or an auditor. The financial report includes the following sections:
    Section A: The organisation’s income and basic accounting details on the form provided.
    Section B: A copy of your most recent Annual Financial Statements, which include a Balance Sheet and an Income and Expenditure Report.

    •These two reports together tell the story of your organisation’s activities, its income and expenditures for the past year. The reports must reach the Directorate within nine (9) months of your organisation’s financial year end. We urge you to adhere to this timing. Please indicate any difficulty you may be having well in advance of the date.
    •Please follow the headings on the forms when preparing your reports, and answer all the questions. You can choose to add further information on separate sheets of paper.
    •Receipt of these reports will ensure that the name of your organisation remains on the Department’s Non-profit Organisation Register. The Directorate has the power to cancel your registration if you fail to comply.
    •Registration may also be removed should the Directorate discover that you have issued false reports on either activities or finance.

    Hope this helps .
    Regards
    Nikki Viljoen

    Viljoen Consulting
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  5. #25
    Quote Originally Posted by Nikki View Post
    Correct, because they are registered as CC's and not as a Company (which is a PTY), so you can't get one if you are a CC!

    NPO's also don't need to have a MOI, but they do need to have the following:

    A NPO must submit annually narrative and financial reports to the Department of Social Development’s Non-profit
    organisation's Directorate.
    Nikki, you are correct only if the NPO is a Voluntary Association or a Trust.

    Section 21 NPO's are now all known as Non Profit Companies (NPC) and are treated as normal PTY's and must submit their Annual Returns to CIPC and pay the appropriate fee in addition to all the reports you mentioned to Dept. of Social Development.

    Under the new Company Act the designation (Association Incorporated under Section 21) falls away automatically and is now replaced by the letters NPC.

    NPC's are now treated as normal Pty's and must therefore submit their MOI.

    Unfortunately most small NPO's are very lacking in their Admin and neglect to follow the rules and will very likely be de-registered by CIPC as well.
    Andre F. du Toit
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  6. #26
    Senior Member Subscriber Sharon's Avatar
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    The deadline is upon us...

    if you need help contact advocate@douglasjshaw.co.za
    Sharon

    Courage is not about having the strength to go on.. it's about going on when you DON'T have the strength!

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