"Please note that guidance and information on the filing of requests to be licenced as a business practitioner will shortly be made available on the CIPC website. It will be appreciated if you can advise your members or clients to submit formal requests in the prescribed manner as will be outlined in the website. "
On Wednesday 25th May 2011 a representative of CIPC informed Corporate Renewal Solutions that they are awaiting the Commissioner's signature on the Practice Note. Business rescue practitioner applications already received, however, are processed and individuals are directly contacted about further information required.
For more information with teething problems with the implementation of business rescue legislation, see Accreditation of professions and licensing of business rescue practitioners.
Step 1: Register as a CIPC customer at CIPC Customer Registration.
Step 2: Log in with your username and password.
Step 3: Deposit R500 into your CIPC virtual bank account. See CIPC Banking Details.
Step 4: Refer to the Practice Note (expected to be published on 10 June) on how to proceed to register.
It is understood that the following information will be required in the application (but wait for the Practice Note):
The Business rescue practitioner application form can be downloaded from Application for license as a Business Rescue Practitioner, after which a Certificate of Practitioner license will be issued.
One article and one publication have been published on the topic of reckless trading and personal liability of directors:
Temkin, S. (2011, May 30). Errant Directors Face Delinquency Orders. BusinessDay.
Levenstein, E. (2011, May). The New Companies Act, No. 71 of 2008 – Reckless Trading and the Personal Liability of Directors. Werksmans Attorneys.
Final business rescue legislation associated with the new Companies Act can be downloaded by following these links:
A description of the book and purchasing information is available from Turnaround Management and Corporate Renewal.
Corporate Renewal Solutions (CRS) is proud to have sponsored 1/3 of the publishing cost of this book.
Ntombi Langa-Royds, chair of CRS, contributed the chapter "Human Resources Leadership in a Turnaround".
Jan van der Walt, CEO of CRS, contributed the following four chapters:
"The Turnaround Management Association - Southern Africa (TMA-SA)"
"Operational Aspects of a Turnaround".
"A Turnaround Practitioner's View on New Business Rescue Legislation".
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