The Deloitte Companies Act Compliance Solution
Our solution will identify compliance changes necessitated by the Companies Act of 2008
The 2008 Companies Act (the “Act”) came into effect on 1 May 2011. The regulations were published only 4 days before the Act became effective and this has given Companies very little time to come to terms with the important and mandatory changes the Act requires.
The Act has fundamentally changed the classification of companies, for example, companies are now classified as either Profit or Non- Profit Companies and Profit Companies then sub-classified as State Owned Entities, Private, Public or Personal Liability Companies. This new classification requires that companies make changes to their secretarial documents. Companies are required to comply with all formal requirements as soon as possible.
The Deloitte Solution
Deloitte Legal has designed a solution aimed at gearing your business towards compliance with the Act through the identification and then implementation of optimised solutions in each of the areas which may be affected.