The debate for many companies is whether a tailored MOI is necessary and at what point it becomes essential. Certainly, for owner-operated businesses and small businesses it won’t be appropriate and either a short-form or long-form standard MOI will suffice.
SA Revenue Services (SARS) Commissioner Edward Kieswetter has warned that the tax agency is gunning for tax avoidance schemes
It has been almost a decade since the Companies Act No. 71 of 2008 (“Companies Act”) came into effect, however many of its provisions remain untested or have not been definitively interpreted by our South African courts.
