Results 1 to 3 of 3

Thread: section21 company

  1. #1
    New Member
    Join Date
    Nov 2012
    cape town
    Thanked 0 Times in 0 Posts

    section21 company

    I am a member of section21 company within a sporting code

    I would like to know if members have the right to see the financial statement

  2. #2
    Platinum Member Mike C's Avatar
    Join Date
    Apr 2012
    Thanked 321 Times in 279 Posts
    There should be a section in the constitution which deals with Financial matters

    This should state how the money will be managed and accounted for. There should be clauses that describe how the organisation will prepare annual financial statements. You must have clauses which set a date for the end of the financial year and state that the organisation will use a banking account.

    When it comes to non-Profit organisations it is my opinion that transparency on financial matters should be of the utmost importance.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

  3. #3
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Durban, South Africa
    Thanked 2,476 Times in 2,080 Posts
    Blog Entries
    You have to pay close attention to the Constitution of the body concerned. When it comes to sporting bodies, quite often the issue isn't whether the members are permitted to see the financials, but the definition of "a member" itself.
    The trouble with opportunity is it normally comes dressed up as work.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services

Similar Threads

  1. Replies: 6
    Last Post: 13-Jul-12, 07:31 AM
  2. STC for company
    By daveob in forum Tax Forum
    Replies: 1
    Last Post: 08-Jan-10, 01:40 PM
  3. [Question] NPO or Section 21 company
    By AnnekeL in forum General Business Forum
    Replies: 4
    Last Post: 13-Oct-09, 05:23 PM
  4. Replies: 1
    Last Post: 06-Apr-09, 01:09 PM
  5. Sub-divisions to a company
    By eitai2001 in forum Entrepreneurship and Business Management Forum
    Replies: 17
    Last Post: 26-Mar-09, 08:09 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts