We provide the company secretarial backup that you need to run your secretarial practice.
Whilst there are recognised controlling bodies (RCBs) within the industry, none adequately represents or safeguards the interests of the company secretarial profession. This deficiency has resulted in a decline in standards, reputation and professionalism within the industry, and aside from possessing advanced degrees, most Professional Company Secretarial Practitioners (PCSPs), lack formal professional designations, despite many years of experience and demonstrated expertise in their field. Efforts to attain accreditation from various regulatory bodies and to secure professional recognition through designated titles, remains limited.
Additionally, outdated and inefficient electronic systems employed by government agencies has significantly prolonged turnaround times, further damaging the profession’s credibility. The communication from these agencies regarding new laws and regulations is often inadequate and poorly managed, leaving the secretarial community without effective channels for engagement or training. The PCSP seeks to not only train and upskill the individuals who perform these functions on a daily basis, but to also engage with these regulatory agencies to ensure that adequate systems are in place and that functionality thereof is maintained. Additionally, we seek to provide recognition to those individuals within the industry, who are experts in their field.
OBJECTS OF PCSP
1. To create an environment so that PCSPs can obtain a qualification, that is meaningful and that creates trust in terms of their engagements.
2. To set up an environment where serious engagements can take place with regulators like the CIPC, Masters Offices and the FIC.
3. To have an opening qualification standard so that practitioners can obtain a qualification and be proud of their achievement, which in turn creates an environment of trust.
4. To maintain the educational standards of the profession by ensuring that courses are provided with the necessary CPD standards.
5. To ensure that service delivery standards are met by the regulators.
Our aim is to create a Recognised Controlling Body( RCB) for working secretarial practitioners to make a meaningful contribution to the industry. We believe that industry is going through a hard time.
MEMBERSHIP
The members of the PCSP are individuals who perform the day-day-day secretarial functions and who engage with their clients and the various regulators on a daily basis. They may be running their own secretarial practice or work in a corporate, accounting or legal environment. These are people within the industry who have spent years within the company secretarial space, who may not have a degree, but are still considered valuable to the industry in terms of their knowledge and many years of experience.
One of the objectives of the PCSP is to provide its members with a designated qualification based on their experience and knowledge within the industry, thereby creating an environment of trust. The PCSP also aims to provide training and ongoing professional development for its members, to ensure and maintain the professionalism of the Company Secretarial industry.
Registration is important, to be supported by certification and a certificate will be issued.
A major goal is to get the regulators especially the CIPC to list practitioners and attach each practitioner to the clients they work on resulting in transactions everyone can trust.
REGISTRATION PROCESS
Potential members must register with our body which will show commitment and accept the objects once these are developed. Please complete the form below. Registration is free!
ENGAGEMENT WITH THE CIPC AND MASTERS
The PCSP will endeavour to consistently engage with the various regulators, in order to address the various problems within the industry.
RECRUITMENT
The PCSP can only be successful if the required membership quota is obtained and maintained. A larger membership will ensure the PCSP’s involvement on a higher platform, allowing the PCSP to engage with the various regulators and thereby ensuring that the practitioners voices are being heard within the industry.
Mark Silberman B.Acc CA(SA)
Mark is a Chartered Accountant and tax expert with over 30 years of experience in accounting, tax, and compliance. He founded Accfin Software, a leading South African developer of back-office systems for accountants, specialising in tax, secretarial, and AI compliance tools.
Santonette Roos
Santonette is situated in the Lowveld area and has been doing corporate governance and compliance since 1997, giving her 28 years of experience in an auditor’s firm. She discovered the anomaly of where a private company could become a regulated company and has to obtain approval by the Take Over Regulation Panel for a simple buy back of shares.
Santonette was instrumental in founding this body.
Hayley Callanan
Hayley has over 30 years’ experience in the corporate governance and compliance environment. She began her career in 1992 within the audit environment and later headed up the Durban branch of Statucor (Pty) Ltd, an affiliate of BDO Southern Africa, before founding her own consultancy in 2015. She continues to provide corporate governance, board support and compliance services to a wide variety of clients, including audit and legal firms as well as a variety of national and international corporates.
Riaan Badenhorst
Experienced tax and accounting professional with over 20 years in public practice and industry. Former firm owner (2007–2020) and now Senior Advisor at Charter Business Advisors. Registered Tax Practitioner and member of IAC and CIBA, with expertise in IFRS reporting, VAT/PAYE, SARS disputes, and corporate compliance. Vice Chairman of the IAC Gauteng Committee, promoting ethics and professional development. Skilled in turning tax and compliance challenges into business growth opportunities.
Jane Hopper
I am a senior company secretary with many years of on-the-job experience. As a dedicated professional in the field, I am quick to learn, adapt and accept the ever-changing nature of this job. Keen to explore new challenges, share information, knowledge and assist in simplifying secretarial procedures.
These videos have been provided by the PCSP for free. Please make use of them! text in this area
Session 1
INTRODUCTION
The things you need to know about the new companies act in order to handle the company secretarial affairs of a company. The reason for the promulgation of the new act and a comparison of the material differences
BASIC STRUCTURE OF A COMPANY
What is a company and how does it work. We will deal with the reason why we need companies relating them to the Close Corporation (CC) position. We will compare the company to a sole trader and partnership. We will discuss the roles and responsibility of the directors, officers and the shareholders. Corporate Governance will also be discussed.
DOCTRINE OF CONSTRUCTIVE NOTICE AND RING FENCING AND TURQUAND RULE
The new companies act brings about changes in The doctrine of constructive notice and the concept of ring fencing which will be dealt with in detail. The reasons why these concepts exist and when you need to use ring fencing. Examples of events likely to arise in practice.
Session 2
CONSTITUTIONAL DOCUMENTS OF A COMPANY
The constitutional documents of a company, being the MOI, Rules and shareholder agreements. Why pre-emptions rights are critical in the case of a shareholder dispute. We will discuss the short form MOI in detail. Various references to sections in the act will be discussed. We will discuss the rules of the company and when you should use them and how effective they could be in the event of a dispute. Do we need shareholders agreements and what do we do about existing shareholder agreements.
DIRECTORS AND SHAREHOLDERS
The difference between directors and shareholders and their legal responsibility. The types of meetings that can be held and when they should be held.
THE CONCEPT OF SHARE CAPITAL
We discuss the concept of share capital and why it plays such an important role in the company. We will deal with all the different types of shares, Ordinary shares, preference shares, accumulated preference shares and redeemable preference shares making comparisons between the old and the new act. What is the real difference between par value and no par value shares? What must the MOI say in regard to share capital? How do we implement different voting rights on shares.
Session 3
SHARE CAPITAL TRANSACTIONS
We will discuss the differences between par and no par value shares. All the common transactions in respect of shares will be dealt with including; subscription of shares on formation, the allotment of additional shares and share transfers. What is authorized share capital and what happens when you run out of authorized shares? Who has the authority to issue shares? The essential documentation that must be kept. The course will work through various examples of the resolutions of share transactions that are required. Allotment and pre-emption rights and transferability of shares.
BENEFICIAL OWNERSHIP AND FIC
We will cover the length and breath of the requirements for both trusts and companies.
SPECIAL RESOLUTIONS
The special resolution is key to virtually every material company secretarial transaction. Exactly when is a special resolution required and when does it have to be submitted to the CIPC, what sections of the Act do we need to understand in regard to special resolutions. How do we produce an electronic special resolution on a totally electronic basis? How to process a special resolution quickly and efficiently by making use of electronic systems.
BASIC CIPC CHECKLIST
Discussion on the CIPC Checklist and why this is so important.
Session 5
Leading the Race
An in-depth look at three industry-leading women who are paving the way in the world of technology. Presented by Jill Brown, president of the Association for Women Leaders in Technology.
Session 6
Finance Your Future
Managing the overall finances of your technology business is a critical component of success. Jennifer Jordan, financial advisor at TechRun LLC, shares advice and best practices.
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