Accounting in the Companies Act 2008

The Act states that any documents, accounts, books, writing, records or other information that a company is required to keep in terms of this Act or any other public regulation must be kept in a written form or other form or manner that allows that information to be converted into written form within a reasonable time and it must be kept for a period of seven years or longer is specified.

Every company must also maintain the following: a copy of its Memorandum of Incorporation, and any amendments or alterations, and any rules of the company; a record of its directors which includes details of any person who has served as a director of the company; copies of all reports presented at an annual general meeting of the company; annual financial statements as required by this Act; accounting records as required by this Act; notice and minutes of all shareholders meetings, including all resolutions adopted by them, any document that was made available by the company to the holders of securities in relation to each such resolution; copies of any written communications sent generally by the company to all holders of any class of the company’s securities; minutes of all meetings and resolutions of directors, or directors committees, or the audit committee, for each meeting or on which each such resolution was adopted.

via SAICA

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