FICA Requirements for Partnerships

Partnerships
 
  • Partnership agreement in terms of which the partnership was formed;

OR if a partnership agreement cannot be provided, then a declaration by all the partners, that there is no partnership agreement.

  • A resolution/mandate authorising representative(s) to establish a business relationship or enter into a transaction on behalf of the company.

  • FICA information and documents must be provided in respect of individual persons and non-individual persons that are connected to and / or who represent the partnership. These "connected persons" are as follows:

    • every partner, including every member of a partnership en commandite, an anonymous partnership or any similar partnership;
    • the person who exercises executive control over the partnership; and
    • each authorised representative.

Click here to view a comprehensive list of the information and documents required for these connected persons.

PLEASE NOTE:

  1. Professional partnerships, consisting of more than twenty (20) partners, which are incorporated in terms of section 30(2) of the Companies Act, 61 of 1973 are subject to the FICA requirements for Other Legal Persons.

  2. All documents provided must be either:

    • An original, or
    • A copy of the original document sighted by a Basic Sense employee, or

    • A copy of the original document certified by an independent Commissioner of Oaths (Certification must contain the full names, title and signature of the Commissioner of Oaths and wording should stipulate "Certified a true copy of". Where the document has more than one page, the stamp/full commission must appear on either the front or back page and the Commissioner must initial every page of the document in between.)

  3. Documents must be posted / hand delivered to:

Basic Sense (Pty) Ltd
Corner of Sybrand van Niekerk Highway & Johan le Roux off-ramp
Meyerton
1961
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