CIPC Guidance on Sections 30A & 30B of Companies Act

Posted 24 July 2026 Written by Acts Online
Category CIPC

Brought to you by SA Accounting Academy: The Companies and Intellectual Property Commission (CIPC) has published formal guidance regarding the implementation of sections 30A and 30B of the Companies Act, No. 71 of 2008.

In terms of Proclamation Notice 313 of 2026, sections 5, 6, and 19 of the Companies Amendment Act, 2024 came into operation on 22 May 2026 without transitional provisions. Consequently, sections 30A and 30B mandate that all public companies and state-owned companies (SOCs) must prepare and present a remuneration policy and remuneration report for shareholder approval.

The CIPC notice clarifies the practical application of these provisions as follows:

  • Remuneration Policy (Section 30A): Must be presented to and approved by the annual general meeting (AGM) via ordinary resolution. If not approved, it must be presented at the subsequent AGM or a dedicated shareholders’ meeting.
  • Remuneration Report (Section 30B): Must be prepared annually for the preceding financial year and presented for shareholder approval at the AGM in alignment with section 30A.
  • Prospective Application: Applying general principles of statutory interpretation, the requirements operate prospectively and do not apply to AGMs that were already convened prior to 22 May 2026.

Click here to download the official CIPC Notice on Sections 30A and 30B.

What this means for you, your business, or your clients

  • For yourself: Ensure precise interpretation of statutory voting thresholds and disclosure requirements under sections 30A and 30B when advising corporate boards or drafting AGM resolutions.
  • For your business: Update corporate secretarial and audit compliance checklists to verify that public and state-owned entity clients include required remuneration policies and reports in post-22 May 2026 AGM documentation.
  • For your clients: Public companies and SOCs convening AGMs notice-dated on or after 22 May 2026 must prepare and submit a remuneration policy for ordinary resolution, along with the statutory remuneration report.

Originally published at https://accountingacademy.co.za/news/read/cipc-guidance-on-sections-30a-30b-of-the-companies-act

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