Adding a Trust as a member of a Close Corporation
CIPRO has recently allowed Trusts to be members of Close Corporations provided that:
• The beneficiaries are all natural persons (i.e. not companies)
• The combined number of members plus beneficiaries do not exceed 10
To assist us in registering the Trust as the new member of your CC please supply us with the following documentation:
1. A certified copy of the Letter of Authority issued by the Master of the Court.
2. A certified copy of the section of the Trust Deed identifying who the beneficiaries are.
3. A letter (on the letterhead of the trust) signed by all trustees stating the following:
a. The name, registration number and address of the trust
b. The names of all the trustees
c. The names of all beneficiaries
4. An original letter (signed by all trustees) authorizing one trustee as the representative of the trust for purposes of holding and dealing with the member’s interest in the close corporation.
5. The nominated trustee must sign the attached power of attorney.
6. Please send us via email all the ids, emailed to
ids@swiftreg.co.za.
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