• Only authorised persons (with signed mandate) may use this online process.
• Only changes authorised by special resolution by directors or shareholders may be done.
• Only shares of active companies may be changed.
• Changes to authorised shares does not require the adoption of a full new MOI. Upon the creation of a new class of shares, the company is reminded about the rights and privileges of the specific class of shares and therefore it MUST be incorporated into the MOI kept by the company.
• This is a fully automated service and no documents need to be submitted to CIPC to complete the process.
• IMPORTANT: Each company that makes use of this fully automated service MUST retain all documents relating to the changes filed and upon request provide such to the CIPC.