AI COSEC
Want to Know More about Company law
Simplifying Complexity, Ensuring Compliance: In today’s fast-paced business environment, staying compliant with corporate and compliance laws and governance standards is not just a necessity—it’s a strategic advantage. AI COSEC empowers businesses with cutting-edge, AI-driven solutions to navigate the intricate world of company law with ease and precision.
Multiple Legal Frameworks including FICA and Trust Law.
INNOVATIVE AI SOLUTION FOR YOUR SECRETARIAL PRACTICE
Trust Law and Property Control Act Regulates the control of trust property, including the appointment and duties of trustees, registration of trust property, and the powers of courts to vary trust provision.
Text Book on Steroids: Save time and resources with our automated, intelligent tools designed to streamline corporate secretarial tasks and regulatory filings. Ask any question to get an instant result!
Our AI ensures accurate interpretation and application of the latest legal frameworks, giving you peace of mind in your operations. The AI Cosec knows every section of the Companies Act as well as the regulations off by heart. The proposed amendments to the act have also been included even though they have not been implemented. By asking for the proposed amendments AI Cosec will show you the difference in the legislation. Notices Minutes and Resolutions AI Cosec can draft notices, minutes and resolutions for meetings, such as Annual General Meetings (AGMs), board meetings, and special shareholder meetings. These notices include all the necessary details and any special resolutions to be considered.
The knowledge of AI Cosec
Doctrine of Constructive Notice: AI Cosec will advise you on the Doctrine of Constructive Notice which implies that third parties know the contents of a company's Memorandum of Incorporation (MOI). This doctrine was largely abolished under the Companies Act 71 of 2008, except for companies with "Ring Fenced" (RF) provisions. These specific terms restrict amendments to the MOI, and companies must include "RF" in their name, signaling legal notice to third parties.
Drafting Minutes and Resolutions: AI Cosec will teach you the requirements to draft resolutions and minutes and change them on the fly. AI Cosec Sections dedicated to the requirements for well-drafted resolutions and maintaining company records up to date in compliance with statutory requirements. Create any situation and ask for what you want and AI Cosec will generate the documents.
Ring Fencing: AI Cosec advises on Ring Fencing and refers to provisions within an MOI that restrict certain actions. It ensures particular conditions are maintained, protecting arrangements like financial agreements in BEE transactions.
Expert Guidance: Backed by the expertise of Accfin Software’s expertise in secretarial practice AI Cosec provides solutions to address your compliance and governance needs. AI Cosec will provide the answer to most questions on company law, trust law and FICA law.
Beneficial Ownership and Beneficial Interest: AI Cosec will help you with Beneficial Ownership and Beneficial Interest and will advise on the rights and privileges associated with owning securities that are distinct from those of registered ownership. AI Cosec will also help differentiate between Beneficial Ownership and Beneficial Interest.
Trusts: AI Cosec will give you all legal aspects of Trusts. Ask any question on the types of trusts about the Trustees and Beneficiaries and you will get the answers you require. The rights and duties of Trustees. Understanding the constitutional documents, producing minutes and resolutions.
Generate the answers you require in seconds: Each answer comes with a legal explanation. The software is provided by subscription per user. Email sales@accfin.co.za
What if there were a system you could use to grow your secretarial practice?
- Runs on the Accfin Sky Cloud Platform
- Released with AI Cosec Chat box.
- Ask any question on company law problems.
- Will be part of our Accfin Sky Products but is also self-contained
Accuracy and Transparency Our AI ensures accurate interpretation and application of the latest legal frameworks, giving you peace of mind in your operations.
Pricing: There is a sign-on upfront fee of R1200 exc and an annual fee of R3200 exc per user. Total 4400 exc and the monthly debit order fee will be R331 exc per month.