Examples of BEE in a sentence
Non-profit organisation • The following additional BEE Ownership Documents are required: o Constitution or founding document; o Letter from an independent third party confirming the percentage of black beneficiaries and black female beneficiaries.
If applicable, the Service Provider (in its capacity as BEE Verification Agent) will advise you what these documents are.
Close corporations • The following additional BEE Ownership Documents are required: o Founding statement and certificate of incorporation (CK1), as currently in force; o Amended founding statement (CK2), if applicable, as currently in force; o Certificate of change of name reflecting the current name of the company (if applicable); o Latest association agreement and sale of membership interest agreement with any of the BEE members (if applicable); o Register of members.
Obtaining a BEE Ownership Certificate An existing BEE Ownership Certificate may be submitted provided that: • it was obtained from a valid BEE Verification Agency; • it is not older than 12 months; • it contains the following information as defined in the Codes using the flow-through principle: o % exercisable voting rights of Black People (compulsory); and o % economic interest of Black People (compulsory).
Proof of payment No No FICA verified Yes Yes Accept Client Mandate Agreement Yes Yes Accept T&Cs Yes Yes Transfer Form Yes No Proof of Source of Funds Yes No Additional Requirement (i.e. BEE Document) Yes No Unlike market trades, block trades will only be loaded via the trading helpdesk, and not via the website.