Within our corporate department, we offer clients other services ancillary to company formation services. Following the formation of the company, the Directors of the company may decide to effect changes in the structure of the company in relation to the involved parties, the share capital, the registered address, the name and the trading activities of the company.
The Companies Act requires that these changes are recorded in the statutory books of the company. This is done through the documentation of minutes taken by the Board. We can assist as company secretaries in the provision of these services. Our corporate department is equipped with technical persons in the field who have the necessary expertise to assist directors of companies.
Our corporate department will also ensure that the required changes are executed in a seamless manner according to the criteria laid down in the Memorandum & Articles of Association of the company and the Companies Act. We also take care to inform the respective authorities to update the respective records related to the company.
Changes in the corporate structure of the company may also effect the structure of the bank account signatories. Therefore we also take care, on behalf of the client to update the respective banks of these changes and to provide the necessary documentation for the banks to be in a position to effect such changes. Our firm acts as a corporate service provider and communicate such amendments as necessary with the bank.
Where changes in the corporate structure of the company will relate to the shareholders, a share transfer would need to be effected according to the designated amount of shares that each shareholder would be transferring or acquiring. A valuation of the shares currently held by the respective shareholders within the company may be required. In these cases, our corporate department will handle the whole process of the share transfer and/or share valuation, including the submission of the necessary documentation with the respective authorities. Our people will also ensure that the client is guided at all times through the whole process.