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MANDATORY SUBMISSION OF BENEFICIAL OWNERSHIP REGISTER TO THE COMPANIES AND INTELLECTUAL PROPERTY COMMISSION
0JUNE 30, 2023
BY FHBCIN ADMINISTRATION AND SECRETARIAL SERVICES
The Companies and Intellectual Property Commission (“CIPC”) issued Guidance Note 2 of No 2023 to give effect and provide guidance on filing of Beneficial Owner Information as required by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act of 2022. The Act amended the Companies Act and gave the CIPC a mandate to request companies to file and update Beneficial Owner Information.
The CIPC has implemented a Beneficial Ownership Register which will compel any individual who directly or indirectly owns 5% or more of a company, or exercises effective control over it, to register their beneficial ownership through the CIPC. This register will not be available to the public but will be shared with enforcement agencies as part of the efforts to combat money laundering and terrorism financing.
‘Beneficial Owner’ in respect of a company, means an individual who directly or indirectly, ultimately owns that company or exercise effective control of that company, including through –
The holding of beneficial interest in the securities of that company;
The exercise of, or control of the exercise of the voting rights associated with securities of that that company;
The holding of beneficial interests in the securities, or the ability to exercise control, including through a chain of ownership or control, of a holding company of that company;
The holding of beneficial interests in the securities, or the ability to exercise control, including through a chain of ownership or control, of a holding company of that company;
The ability to influence the management of that company materially.
Companies will be required to mandate an individual of their choice, by way of a Power of Attorney to file beneficial information on the company’s behalf to the CIPC. The mandated individual will be required to file:
the company’s Securities Register;
certified ID/passport copies (as applicable) of all recognized beneficial owners; and
a Disclosure form reflecting the hierarchy of entities and other legal forms (including all owners having less than 5% ultimate ownership or control over the company); and
any other supporting documentation that the CIPC may demand.
Every company registered with the CIPC will need to file its beneficial ownership register:
In the next six months commencing from 24th of May 2023;
In conjunction with the filing of the entities Annual Return each year; and
When any changes in the beneficial ownership within the company occur. This must be done within the following 10 business days following the effective date of the transaction.
FHBC would like to offer its clients the option of lodging the beneficial ownership register on their behalf.
The cost involved in performing these services will be as follows: (This is a once-off fee)
Fee per company at R450 (excl. VAT); except
In the case of a company which is owned by a trust at R1 150 (excl. VAT); and
In the case of a company where non-RSA resident companies, individuals or trusts are involved at R 1 750 (excl. VAT).
After the initial lodgement, FHBC will, as part of ongoing compliance, request an update from each entity every year, when its annual return is due, to confirm if any changes in the beneficial ownership have occurred. If any changes have occurred an updated beneficial interest register will need to be submitted per the above fee, whichever option is applicable to the company.
When any changes in the beneficial ownership occur apart from the above instances, the onus is on the client to inform FHBC of these changes that need to be implemented for an updated beneficial ownership register to be filed with CIPC and the necessary secretarial documentation to be prepared where applicable.
Should you have any questions or concerns relating to this matter, please feel free to contact Arné Bester at arne@fhbc.co.za.
SERTIFISERING VAN AFSKRIFTE / KOMMISSARIS VAN EDE
WAT IS DIE VERSKIL TUSSEN ‘N VRUGGEBRUIKER EN BLOOTEIENAAR EN WAT BEHELS HULLE VERANTWOORDELIKHEDE?
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Sentinel resources is a subsidiary of Hglc but they changed there name to EMP metals
UNT GOLD
Equities
HGLC
US4456231012
Delayed Other OTC - 01:17:39 2021-04-01 pm EDT 1st Jan Change
0.000100 USD -50.00% -.--%
Summary
Charts
Company
Managers
Managers Title Age Since
Michael G. Saner
CEO
Peter James Bezzano
SEC
Members of the board
Members of the board Title Age Since
Frederick J. J. Blaauw
CHM
Michael G. Saner
BRD
Why they say gold is expecting to be about 5000$ a once that is unheard of that is a expected double I don’t know how close this is to coming true but I see a lot of trading starting in this stock -but I have no idea how they are buying or where but share the wealth how are they buying this stock what exchange is available for buying lot of interest in this stock
Why they say gold is expecting to be about 5000$ a once that is unheard of that is a expected double I don’t know how close this is to coming true but I see a lot of trading starting in this stock -but I have no idea how they are buying or where but share the wealth how are they buying this stock what exchange is available for buying lot of interest in this stock
Which exchange is excepted buy orders for this security it’s a all gold stock but what’s up with the volume
Showing .0001 this morning. First time in a while.
Hunt Gold Corporation Common Stock (CV EM)
$0.0001 0.00 (0.00%)
671 shares??
There’s been much more volume over the years that have produced nothing
Opening transactions for this security are not accepted.; We are not accepting opening orders on Caveat Emptor OTC securities.; No opening transactions are allowed on securities affected by amendments to SEC Rule 15c2-11.
Who is buying? How are the buying?
Many traders either sold or gave their stock away over the years. Others took a tax write off. My guess is the stock is now in a few hands. What can happen? I have not sold a single share in all these years. Tomorrow we might know more. Why would a stock go up 9,899.99%?
Hunt Gold Corporation Common Stock (CV EM)
$0.0001 0.00 (9,899.99%)
Wake up call!!
Hunt Gold Corporation Common Stock (CV EM)
$0.0001 0.00 (9,899.99%)
Bid/Ask
--- / --
B/A Size
0 X 0
Volume
671
Yesterday and today, I saw 1000000 volume trade. Is this waking up ??
But the voices have always been right and they're still right today.
It's a zombie ticker that only shows up on otcm because they pay a minimum fee for the advertising. Sec and finra will eventually get around to the alphabet 'H' one day or another.
But I've taken note of the voices here who insisted, not only would there be no volume whatsoever on this day, but there would be no volume ever. That because there would be no symbol representing this security, carried by a brokerage.
Those are voices are to be ignored since they got it wrong and not one single one of them has said one damned word in the past 60 days.
https://www.otcmarkets.com/stock/HGLC/overview
Is that 2 trillion authorized? Lumpty was always such a kidder. And outright crook.
https://www.otcmarkets.com/stock/HGLC/security
Ticker hasn't shown up here in over a decade. No broker will make a market for this zombie.
https://www.otcmarkets.com/market-activity/closing-summary/OO
Where there's smoke there's fire!!
Hunt Gold Corporation Common Stock
$0.00 0.00 (0.00%)
Bid/Ask
--- / --
B/A Size
0 X 0
Volume
203,787
Lmao, LOTTOS man, can’t go wrong lol
Is today hump day(Wednesday) or is it let’s laugh at how foolish we all were day. This is just another hyped nonsense pinky we all got sucked into. Period
Oh wow, I loaded every time I had gains, had over 80,000,000 shares, flipped some and now holding around 40,000,000
Lol was like 13 years ago..no clue
Did you buy them with profits from other plays? Or did you buy them with your cash? I only put gains in here, I would never buy with my money. Only buy LOTTO’s with other peoples money lol
Yea I hear ya. I’ve had my shares for so damn long that I consider them to be “free” also at this point
Nothing, maybe all these free shares I’ve accumulated might be worth something lmfao. Yes I know it’s a 99.99% chance, but being free I can dream lmfao! Worked with $HCMC when I accumulated a couple million shares!
What does this have to do with HGLC?
Precious metals run coming soon??
Yep still can’t buy any more, cashed out my $CEI @ $3.60, it actually almost hit &5 so I left some money on the table but oh well, I was able to gobble up a couple million shares of $HGLC from my $CEI profits! Holding long. Let’s see what happens! I will
Never put my own money into this just profits.
That you cant buy anymore its starting to run.
That's great, I wish you well with it! I also love innd, grlt, neca
I’ve got 4 million @ .0001 from ears ago myself. Lol
unfortunately you cant buy its market expert unless you bought in early on
ive been in that since 0004 starting to move dont have much only 300,000 shares. its moving up nicely
Look it traded $$$100 today thats 2 days in a row its on the board maybe woke up.
That is true, maybe also because the in question gncp is being scrutinized by shareholders that this is another failed attempt by Ron.
I think it will, cause why would someone or something throw $300 into this mess ? Lol
lets hope it revives
atleast back on the board, try to sell im sure wont be able to
did you see someone bought 3 million shares at 0001. maybe its the start of something.
Yes, it’s just wishfull thinking on my part, very discouraging when you know you’ve been screwed.
In fact.
As you have noticed. They simply hide.
That's at least as pathetic as being a stockholder in this company that's not even a company.
Don't you think?
Maybe.
But I've taken note of the voices here who insisted, not only would there be no volume whatsoever on this day, but there would be no volume ever. That because there would be no symbol representing this security, carried by a brokerage.
Those are voices are to be ignored since they got it wrong and not one single one of them has said one damned word in the past 60 days.
I know what a joke,but the scam shall awaken at one point to much for them to walk away from. lets see in a couple of years
Gonna be rich when that amount doubles . Lol
wow volume today on hglc they made a whopping $60 well atleast trading again after 3 weeks
There are no contradictions. Anvil is completely correct. As far as I can remember lumbty never had any of his companies registered with the SEC.
Every last one of them were scams.
https://www.sec.gov/cgi-bin/browse-edgar?company=+Hunt+Gold+Corporation&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany
"HGLC is not a SEC registered stock"
Are you sure of that? Considering they are not on the ATS list and every market info website lists them as a US: OTC I'm skeptical if that (or the FINRA reference) are true.
Not saying you're wrong, just no attribution for the statement and contradictions exist.
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The Commission is providing a compliance date that is nine months after the effective date of the amended Rule, except for the compliance date for paragraph (b)(5)(i)(M) of the amended Rule. The compliance date for paragraph (b)(5)(i)(M) of the amended Rule is two years after the effective date of the amended Rule.[535]
After considering the comments received regarding the transition period for compliance with the amended Rule's provisions,[536] the Commission believes that these compliance dates will provide sufficient time for broker-dealers to prepare to comply with the amended Rule, including by creating or updating any necessary systems or internal measures, such as training modules, and to develop and update any necessary policies and procedures, as appropriate, to achieve compliance with the amended Rule. The Commission further believes that these compliance dates provide sufficient time for qualified IDQSs and registered national securities associations to implement technological or other changes that they determine to make in light of the amended Rule.
The Commission recognizes that there are market participants who are concerned about the loss of a quoted market for certain securities as a result of the amended Rule and that such market participants may wish to seek relief from the provisions of the amended Rule. The Commission encourages such persons to submit relief requests expeditiously during the nine-month transition period. The Commission notes, however, that it will consider relief requests at any time, including after the nine-month transition period.
On and after the nine-month transition period, broker-dealers that publish or submit quotations in a quotation medium, qualified IDQSs that make known to others certain broker-dealer quotations and make certain publicly available determinations, and registered national securities associations that make certain publicly available determinations would be required to comply with the amended Rule when they perform those activities. The Commission staff intends to offer assistance and support to covered entities during the transition period and thereafter, with the aim of helping to ensure that the investor protections and other benefits of the amended Rule are implemented in an efficient and effective manner.