Difference between revisions of "Section 21 Company"
| (3 intermediate revisions by the same user not shown) | |||
| Line 3: | Line 3: | ||
The following description is posted on the website of the Companies and Intellectual Properties Commission[http://www.cipro.co.za/products_services/co_regis_section21.asp] | The following description is posted on the website of the Companies and Intellectual Properties Commission[http://www.cipro.co.za/products_services/co_regis_section21.asp] | ||
| − | ''"These are companies that are registered to provide services and do not intend to make, or to be judged by, the profits that they make. These "Associations Not For Gain" are often funded by donations and foreign funding. Generally they provide services to various "communities" such as children's feeding schemes, organisations that take care of AIDS orphans, religious and charitable organisations ect | + | ''"These are companies that are registered to provide services and do not intend to make, or to be judged by, the profits that they make. These "Associations Not For Gain" are often funded by donations and foreign funding. Generally they provide services to various "communities" such as children's feeding schemes, organisations that take care of AIDS orphans, religious and charitable organisations ect [sic].'' |
| − | These companies are registered in terms of Section 21 of the Companies Act and are often referred to as "Section 21 Companies". A Section 21 company must have a minimum of 7 members and at least 2 directors."'' | + | ''These companies are registered in terms of Section 21 of the Companies Act and are often referred to as "Section 21 Companies". A Section 21 company must have a minimum of 7 members and at least 2 directors."'' |
The term "Article 21 Company" is also used on occasion by some companies. | The term "Article 21 Company" is also used on occasion by some companies. | ||
| − | Many associations in South Africa falling in the | + | Many theatre, film, arts, community and educational associations in South Africa (e.g. those falling in the broad rubrics of [[Applied Theatre]], [[Theatre in Education]], [[Theatre for Development]], [[Community Theatre]], etc.) tend to register as Section 21 Companies. |
Latest revision as of 17:49, 11 April 2014
This refers to the specific section of the companies act under which "Associations Not For Gain" may register.
The following description is posted on the website of the Companies and Intellectual Properties Commission[1]
"These are companies that are registered to provide services and do not intend to make, or to be judged by, the profits that they make. These "Associations Not For Gain" are often funded by donations and foreign funding. Generally they provide services to various "communities" such as children's feeding schemes, organisations that take care of AIDS orphans, religious and charitable organisations ect [sic].
These companies are registered in terms of Section 21 of the Companies Act and are often referred to as "Section 21 Companies". A Section 21 company must have a minimum of 7 members and at least 2 directors."
The term "Article 21 Company" is also used on occasion by some companies.
Many theatre, film, arts, community and educational associations in South Africa (e.g. those falling in the broad rubrics of Applied Theatre, Theatre in Education, Theatre for Development, Community Theatre, etc.) tend to register as Section 21 Companies.
Sources
http://www.cipro.co.za/products_services/co_regis_section21.asp
Go to South African Theatre/Bibliography
Return to
Return to The South African Context/General Terminology and Thematic Entries
Return to South African Theatre/Terminology and Thematic Entries
Return to South African Film /Terminology and Thematic Entries
Return to South African Media/Terminology and Thematic Entries
Return to The ESAT Entries
Return to Main Page
