Submission of Namibian Annual Duty Returns.
We provide a service in terms whereof we
submit annual returns as well as submit the payment of annual duties on behalf
of clients.
-
In
terms of Section 181 of the Namibia Companies Act every Namibian Company (other
than a non-profit association) is required to submit to the Registrar of
Companies, a Annual Return stating certain information relating the Namibian
Company.
-
Section
182 (1) of the Namibian Companies Act further requires that each Namibian
Company is to, no later than one month after its financial year end, pay
Namibian Annual Duty.
Acting as Independent Namibian Director or Trustee
A
number of clients require the services of an independent Namibian
director or trustee. In certain instances, and provided that clients
are willing to subscribe to corporate governance good practices, we
offer a service to act as independent Namibian trustee or director.
This services adds considerable value to South African clients who want
to ensure that their Namibian operations are not deemed to be a
controlled foreign company in terms of the South African Income Tax Act.
Directors Assistance
We have advised a number of clients on the
process to follow regarding the appointment and removal of directors as well as
the implementation of policies relating to directors. These include policies relating to the
rotation of directors as the implementation of Namibian Corporate Governance
best practices.
We have recently advised a number of
clients on the implementation of the new Namibian Corporate Governance Code
known as the Namcode.
Amendments to the Articles of Association
We have assisted clients in the amendment
of the Articles of Association of Namibian Companies. The Memorandum and Articles of Association of
Namibian Companies are normally prepared in a standard format, which in certain
circumstances do not necessarily suit the needs of the specific company. In such instances we are able to assist in
the drafting of suitable amendments to the Articles of Association in order to
comply with the requirements of the specific company.
Amending the Capital Structure of Namibian Companies
We have assisted a number of clients with
the allotment and issue of shares for their Namibian Companies. This includes the preparation of all relevant
documents and notices as well as submission of the required returns of the
allotments with the Namibian Registrar of Companies.
In certain instances clients require an
alteration to the capital structure of a company in order to meet their
specific needs. We have assisted clients
in the amending their share structure in order to issue additional shares or to
issue different classes of shares. This
is normally associated with the allocation of specific shares to a shareholder group
or financier or with the reduction in the number of issued shares in a specific
class.
Meetings
We further provide a service in terms
whereof we assist clients in the holding meetings required by the Namibian
Companies Act. This service includes
assistance with the preparation of the Agenda, circulation of notices for
meetings as well as advise on practical manners to deal with complex situations
at meetings.
A number of clients who are in the process
of establishing their Namibian offices, further make use of our facilities in
order to hold meetings.
Keeping of Statutory Records
We currently assist a number of clients in
the maintenance their statutory records.
This includes updating the Namibian Company Registrar relating to the
appointment of directors and members.