B-Bbee Rules For Trusts

Free Download B-Bbee Rules For Trusts
Published 11/2023
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 398.48 MB | Duration: 0h 44m
Understand the requirements in terms of trusts

What you’ll learn
How can trusts be used for ownership points
What are the requirements for trusts in terms of B-BBEE
How do I use a constitution to enable activities of a trust
How do I ensure compliance for my trust strucutre
Requirements
No knowledge required
Description
Under the B-BBEE Act, a Trust, whether it be an ESOP or education trust, can be used to facilitate ownership by employees, communities or other similar collective groups. – What to look out for in an empowerment trust – When is a trust better than other ownership structures – How to ensure compliance with the trust – B-BBEE specific requirementsTrusts/BBOS/ESOPs are a popular method of extending black ownership. They are covered by Annexures 100 B to D (statement 100)•We will cover•BEE Commissioner•Each Annexure•Verification•Tips•We are not going to cover how to write a trust deed or the process of getting the master to issue the Letter of AuthorityThe Broad-Based Black Economic Empowerment (B-BBEE) Commission declared that the vast majority of transactions involving broad-based trusts are not compliant with the law and do not constitute genuine and effective black ownership.•Patel blocks this 18 May 2021 (gazette number 44591)•BBOS – ROAD-BASED OWNERSHIP SCHEMES•ESOP – EMPLOYEE SHARE OWNERSHIP PROGRAMMES•LOA – Letter of authority•Master – Master of the High CourtLawyers complain that the offices of the Master of the High Court are increasingly dysfunctional. As a result, people are unable to tie up deceased estates, set up or liquidate trusts, or appoint overseers of trusts and estates among other legal procedures.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 Purpose of this course
Section 2: Trust requirements
Lecture 3 Basic Comparison
Lecture 4 Additional Rules for BBOS and ESOPS
Lecture 5 Remainder of ESOP requirements
Lecture 6 Rules for Trusts
Lecture 7 Additional Rules for Trusts
Lecture 8 Fiduciaries vs Trustees
Lecture 9 And so it follows
Lecture 10 Trusts
Section 3: Conclusion
Lecture 11 Verification and Tips
All people with an interest in B-BBEE and trusts

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