Cipro not told of Yengeni convictions

2010-11-17 16:01

Cape Town - Former ANC chief whip Tony Yengeni was not listed on the register of disqualified directors as the Registrar of Companies was not provided with the relevant information, Trade and Industry Minister Rob Davies said on Wednesday.

Yengeni resigned the directorships he held in six companies on November 4, after the Democratic Alliance laid charges against him for serving as a director of the companies, because by law his jail sentence for fraud precluded him from doing so.

Section 218 of the Companies Act disqualifies anybody jailed for theft, fraud, forgery or perjury from being a company director, unless the High Court sets aside the disqualification.

In written reply to a parliamentary question on Wednesday, Davies said, according to the Companies and Intellectual Property Registration Office (Cipro), section 219 of the Companies Act required the Registrar of the Court to provide the Registrar of Companies with copies of court orders and convictions.

This was then used to update the register of disqualified directors.

"Mr Yengeni was not listed on the register of disqualified directors as the Registrar of Companies was not provided with the relevant information," he said.

No action taken

The Registrar of Companies would continue to work with the Registrar of the Court to develop and maintain a system that would facilitate the submission of such information to speedily and appropriately allow for listing the necessary individuals on the register.

The legislation gave companies capacity to appoint their own directors and register them with Cipro for record keeping.

According to Cipro, no action had been taken against any of the Cipro agents at this stage, as the processes of lodging the relevant CM29 form (details of directors), were met at the time, Davies said.

After he resigned the directorships on November 4, Yengeni instructed his attorneys to prepare an application seeking authority from the High Court for him to hold the office of director.

Responding in a statement later on Wednesday, DA spokesperson Tim Harris said Davies's reply appeared to absolve Cipro, but it now shone the spotlight squarely on the justice department.

He called on Justice Minister Jeff Radebe to explain why his department had apparently failed to fulfil its legal duty, thereby allowing Yengeni to illegally hold directorships in several companies for the past five years.

- SAPA
Read more on:    da  |  cipro  |  rob davies  |  tim harris  |  tony yengeni  |  jeff radebe
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Five wrapping hacks you have to know before Christmas

Five gift wrapping hacks that will save Christmas for you!

 
 

I love summer.24

Sexiest Instagrams of 2014
Joburg hot spots for cocktails, craft beer, tapas and wine!
Summer Survey!
Great ideas for the best summer sandwiches!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Save up to R2200 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

30% off the bestselling books

Save big on the most captivating reads of 2014. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

It is hard to keep some sort of balance when the natural rhythm has flown out the window. The best thing to do is try not to keep...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.