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Every South African company must maintain a Securities Register under section 50 of the Companies Act. Done badly, it blocks CIPC beneficial ownership filings, fails inspection requests under the new section 26 regime (in force since 27 December 2024), and exposes the company to compliance findings. Our free template generates a Reg 32-compliant register with authorised securities, securityholder ledger, certificate detail, transfer history and (for affected companies) a Register of Beneficial Interests under section 56(7).
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A Securities Register is the master record of every share, debenture or other security issued by a South African company. It is required under section 50 of the Companies Act 71 of 2008 and Regulation 32 to the Companies Regulations. For affected companies (public, regulated, or private subsidiary of a regulated company), a separate Register of Beneficial Interests under section 56(7) and Regulation 32A is also required, listing every natural person with a beneficial interest of 5% or more in the company's securities.
The Securities Register must, for every class of authorised securities, record: the number authorised and the date of authorisation; the total number issued, reacquired or surrendered; for each securityholder, the name, identifying number (SA ID or CIPC registration), the date of issue or transfer, the number and class of securities, and (for certificated securities) the distinguishing certificate number. Transfers and reacquisitions must be recorded chronologically. The register must be maintained in an official language of the Republic, kept in indelible form, and retained for at least 7 years under section 24(1).
The Companies Amendment Act 16 of 2024 (partially in force from 27 December 2024) significantly expanded section 26 inspection rights: third parties can now inspect and copy the Securities Register, the Register of Beneficial Ownership, the directors' record and the Memorandum of Incorporation on written request, with the company required to respond within 10 business days. The CIPC also requires companies to maintain a Securities Register as one of the mandatory uploads for the annual Beneficial Ownership Declaration under Regulation 30A. A current, well-formatted Securities Register is therefore the single most load-bearing piece of SA corporate compliance machinery.
Seven sections covering every section 50 requirement, plus expert-tier certificate detail, Register of Beneficial Interests and section 26 inspection clause.
Name, CIPC registration, registered address, company type (Pty / Ltd / NPC / CC / RF / SOC), affected-company classification, records location, register maintainer.
Each class with designation, number authorised and date of authorisation (per s.50(1)(a)).
Full ledger with name, SA ID / CIPC reg, class, number held, certificate number and issue date (per s.50(2)(a)-(d)).
Total issued, reacquired and treasury shares (per s.50(1)(b)).
Certificated / uncertificated / mixed form, authorised signatories, serial-number range (per s.49 + Reg 32(3)).
For affected companies — 5% beneficial-interest holders + nominee disclosure under s.56(7) + Reg 32A.
12-month chronological transfer ledger (per s.50(1)(c)).
Companies Amendment Act 16 of 2024 — explicit third-party inspection acknowledgement, 10-business-day response commitment.
Express confirmation of chronological, official-language, indelible, 7-year-retention format.
Five steps from authorised securities to a Reg 32-compliant register.
Class designation, number authorised and date of authorisation for each class. Match the language of your Memorandum of Incorporation exactly.
Name, SA ID or CIPC registration, class, number held, certificate number (for certificated form) and date of issue. Sum across all holders must equal total issued.
Most SMMEs use certificated (paper). Listed shares are uncertificated (Strate CSD). Mixed form is permitted. Certificates must be issued within 10 business days of allotment under s.51(7).
Affected companies (public / regulated / subsidiary of regulated) must maintain a separate Register of Beneficial Interests under s.56(7) + Reg 32A, listing every 5%+ beneficial holder and any nominee arrangement.
Update without delay following any issue, transfer or beneficial-interest change. Be ready to produce the register on s.26 inspection request within 10 business days. Upload as part of every annual BO filing on CIPC e-services.
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A non-compliant Securities Register blocks CIPC BO filings, fails section 26 inspections and exposes directors to personal liability.
This template is for informational purposes only and does not constitute legal advice. Consult a qualified South African company secretary or attorney for advice specific to your situation.
Reviewed for South African law
Section 50 of the Companies Act requires every company to maintain a register of its securities. The register must include, for every class of authorised securities: the number authorised and date of authorisation; the total number issued, reacquired or surrendered; and for each securityholder, the name, identifying number, date of issue or transfer, number and class of securities, and distinguishing certificate number (for certificated form). Regulation 32 prescribes the format requirements: official language, chronological, indelible, retained 7 years.
Section 56(7) of the Companies Act and Regulation 32A require affected companies (public, regulated, or private subsidiary of a regulated company) to maintain a Register of Beneficial Interests listing every natural person with a beneficial interest of 5% or more in the company's securities of that class. Section 56(3) imposes a corresponding disclosure obligation on registered shareholders (nominee holders) to disclose to the company the identity of the beneficial owner, the number and class of securities held, and the extent of the beneficial interest. This regime sits alongside the CIPC BO Declaration under Regulation 30A — the two together form the full beneficial-ownership transparency picture.
The Companies Amendment Act 16 of 2024 (in force 27 December 2024) significantly expanded section 26 inspection rights. Third parties can now inspect and copy the Memorandum of Incorporation, the record of directors, the Securities Register and the Register of Beneficial Ownership on written request, during reasonable business hours, on payment of the prescribed fee. The company must respond within 10 business days. Annual financial statement inspection is not yet in force pending further proclamation. Failure to maintain a current register makes responding to inspection requests difficult and exposes the company to compliance findings.
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