Two years ago, our company was setting up a partnership with another entity. A company was set up on my behalf, by the potential partner. For ease of establishing the bank account and processing with SARS, I was named as the incorporator and sole director. I have confirmed this in the COR 15.1A. The partner processed the newco with CIPC, and I paid the fees. Since then, I have done the annual filing with CIPC.
Unfortunately (actually, fortunately), the partnership fell apart before trading commenced. When we parted ways, I emailed them asking for the company information back, and the potential partner told me that I need to pay them for the companies. I haven't replied. I've confirmed with CIPC that I am still the sole director, and I've never signed any share certificates.
My questions are:
1. Do I have any concerns about the ownership of the entities?
2. Can I just issue myself the share certificates to have clear title?
3. Is there any future hold the potential partner could have?
4. If I issues shares, does an eSTT need to be processed with SARS, or is this just for share transfers?
Thanks in advance for any guidance you can provide.