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Since, the Companies and Intellectual Property Registration Office ( CIPRO) ceased to exist and was replaced by the Companies and Intellectual Property Commission ( CIPC). The New Companies Act came into being at the same time, changing the way business owners register a company. Revision in format of Implementation of SA 700 ( Revised) / SA 705/ SA 706. EXTANT PROVISIONS UNDER COMPANIES ACT 1956.
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Appointment of Auditors: Section 224 of the Companies Act 1956 mandates every company to appoint an auditor or auditors at each annual general meeting to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting. Balance Sheet Analysis. Now that you can answer the question what is a balance sheet.