FICA Requirements

No FICA = No Registration = No Bid

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Private Bidding Registration


ID document + proof of residential address (current utility bill not be older than 3 months) NB * This must be in the bidders name. IF NOT, a valid affidavit is to be provided + a marriage certificate for spouses residing together+ copy of I.D. of spouse

Business Bidding Registration


Current proof of home address of each member + ID document of each member + CK1 letter + SARS certificate + CIPRO print out + Business proof of address, Representatives of a company or private individuals are required to a Proxy letter & Proxy’s ID document.


In depth FICA requirements checklist

A. NATURAL PERSONS (BUYING PRIVATELY)

  1. South African identity document (foreigners: passport).
  2. Proof of Residence less than 3 months old (Utility bill addressed to your residential address).
  3. Bidders to provide affidavit + marriage certificate for proof of residence in another person/spouse name.

B. COMPANY (PRIVATE AND UNLISTED PUBLIC)

  1. Certificate of Incorporation (CM1); and
  2. Certificate of change of name of company (CM9) (if applicable); and
  3. Notice of Registered Office and Postal Address (CM22); and
  4. Contents of Register of Directors, Auditors and Officers (CM29); and
  5. Proof of business address of the Company e.g. utility bill (not older than 3 months) reflecting the name and business address; and directors of the company.
  6. Identification document(s) of the person(s) managing the Company e.g. ID book*;
  7. Confirmation of the residential address and contact particulars of thePerson (s) managing the Company; and
  8. Resolution specifying who is authorised to act on behalf of the Company as well as confirmation of the company’s shareholding;and those with more than (Twenty Five) 25% voting rights.
  9. Identification document(s) of the person(s) authorised to act on behalf of theCompany e.g. ID book*; and
  10. Confirmation of the residential address and contact particulars of the person(s) authorised to act on behalf of the Company; and
  11. Business Registration Notification Certificate (BRNC)

C. CLOSE CORPORATION (CC)

  1. Founding Statement and Certificate of Incorporation (CK1); and
  2. Amended Founding Statement (CK2) (if applicable); and
  3. Proof of business address of the Close Corporation e.g. utility bill (not older than 3 a. months) reflecting the name and business address; and
  4. Identification document(s) of the member(s) of the Close Corporation e.g. ID book*
  5. Confirmation of the residential address and contact particulars of the member(s) of the Close Corporation reflecting thename and  residential address not older than 3 months.
  6. Resolution specifying who is authorised to act on behalf of the Close Corporation;a. and
  7. Identification document(s) of the person(s) authorised to act on behalf of the Close a. Corporation e.g. ID book*; and
  8. Confirmation of the residential address and contact particulars of the person(s) authorised to act on behalf of the Close Corporation.
  9. Business Registration Notification Certificate (BRNC)

D. TRUST/S

  1. Letters of Authority signed by the Master of the High Court; and
  2. Trust deed or other founding document; and
  3. Resolution specifying who is authorised to act on behalf of the Trust; and
  4. Identification document(s) of the person(s) authorised to act on behalf of the Trusta. e.g. ID book*; and
  5. Proof of residential address and contact particulars of the person(s)a. authorised to act on behalf of the Trust; and
  6. Identification documents of all the trustees and beneficiaries e.g. ID book*; and
  7. Proof of the residential address and contact   particulars of all the trustees and beneficiaries; and
  8. Identification document of the founder of the Trust e.g. ID book*; and
  9. Proof of the residential address and contact particulars of the founder of the Trust (if not deceased)
  10. Business Registration Notification Certificate (BRNC)

NOTE

  • An affidavit may be submitted to confirm residence for those buyers that are residing or operating at a landlord’s premises together with a certified ID copy of the landlord.
  • NO FICA, NO REGISTRATION, NO BID

BUYERS TAKE NOTE OF THE BELOW INFORMATION

ASSET PURCHASES MAY REQUIRE FURTHER FICA REQUIREMENTS.

  • Proxy details/BRN certificate/Dealer stocking certificate/Traffic Register certificate/551 Printout ( from the Licensing Department )
  • Proxy and representative’s copy of ID , valid Driver’s Licence and proof of address with letter of confirmation
  • Letter by company’s secretary/ accountant/auditor/ director, confirming: names of those holding 25% or more of company’s voting rights at general meetings.