Good day.

I've registered a company with the CIPC and received back from them all the neccessary documentation (Registration Certificate, certified Memorandum of Incorporation, etc) the point is, the company is registered. It has two directors (my brother and I). We now want to allocate the authorised shares among the two of us (51% and 49%).

Do we have to register anything with the CIPC, I understand that with the old CIPRO we would have to lodge the CM15 form, what do we do now? Is it enough to just draw up and maintain a share register, allocate shares among ourselves and issue share certificates all without disclosing anything to either SARS or CIPC?

Please help.