If you are applying for CIDB, regardless of Grade, The CIDB shall always request for a share certificate. The share certificate must be certified not older than 3 Months. It must correspond to the number of shares as reflected on your Memorandum of Incorporation. It has to be issued for a private company or an Incorporated company.
I have seen the CIDB turn away applications countless times because of the share certificate. And the reasons vary, as mentioned above. Some clients get rejected because the Share Certificate reflects a different set of shares as compared to their memorandum of incorporation. At Fixonate, if you are applying for a CIDB through our online application, we shall assist you free of charge with obtaining a share certificate.
By the end of this article, we would have told you
- Why you need a Share Certificate.
- How much it is
- How long it takes us for us to issue you one as well as.
- What we need from you.
Why you need a Share Certificate.
- It is requested by the CIDB when renewing, upgrading or registering for a CIDB certificate.
- The South African Courts also use it during a divorce or shareholder dispute proceedings.
How much does it cost?
- We charge R350 to Calculate and issue you a share certificate.
- This involves extracting the M.O.I at the CIPC to determine existing Share rights.
- These Shares are then allocated according to the existing shareholder rights.
How long does it take?
- It takes us about an hour to issue you with a share certificate.