How to Start a Public Company in South Africa
How to Start a Public Company in South Africa
A corporation with limited liability that sells shares to the general public is referred to as a “public limited company” under the 2013 Company Act. Anyone can buy its stock, either privately through an initial public offering (IPO) or t hrough stock market transactions.
A public limited company must adhere to tight regulations and disclose its genuine financial situation to its shareholders.
A public company’s registration fee in South Africa
Documentation Needed to Form a Public Limited Company
All directors and stockholders must provide identification proof.
Proof of residence for each shareholder and director.
All shareholders’ and directors’ PAN numbers.
Utility bill for the proposed office, which would be the company’s proposed registered office.
A NOC (No Objection Certificate) signed by the landlord of the space intended for the company’s office.
Each director’s Director Identification Number (DIN).
Directors’ Digital Signature Certificate (DSC).
Articles of Association (MOA).
Association bylaws (AOA)
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Where you should register your public company
The Companies and Intellectual Property Commission (CIPC) website and the Bizportal.gov.za website, a CIPC platform that provides company registration and related services, both allow you to register your business online. Additionally, banks like Nedbank and First National Bank allow you to register your business through them.
Cost of Registring a Company
The minimum fee is R175 if you want the business to have a name. That is the CIPC fee of R50 for name reservation and R125 for company registration. If you don’t register a name, you’ll have a business with the name K2020/001234/07.
