The South High Court on Thursday ordered the Companies and Intellectual Property Registration Office (Cipro) to replace the names of the eight people that "highjacked" Kalahari Resources, with that of the original two directors Daphne Mashile-Nkosi and Brian Mashile.
On September 8, Kalahari Resources had to approach the High Court with an urgent application to reinstate the two directors, after it discovered that the directors had been replaced by Sandile Majali and seven other people on August 27. Mashile-Nkosi's lawyer Deon Lambert said that the court accepted the case as urgent and also ruled that legal costs had to be covered by the respondents.
Meanwhile, Cipro said at a media briefing in Pretoria that it had beefed up its security process relating to changes of company directorships on its system. Cipro acting CEO Lungile Dukwana said that the agency could not take responsibility for people that acted fraudulently on its system, but that it would nevertheless constantly aim to improve its security.
He explained that starting in October, the agency would provide companies with another password that would be required to implement a change of directorship. Further, a written mandate from the company's CEO or MD would be needed as part of the submission process, and a certified copy of the person's ID would be required, while the company secretary and directors would immediately be alerted if any changes take place.
It has emerged that changes to the Kalahari Resources directors were made electronically on August 27, by Harlambos Sferopoulos. He was tracked through the agency's customer verification process, which was introduced early last year. Sferopoulous replaced the two founding directors of Kalahari Resources with himself, Majali, Stephen Khoza, Elvis Ndala, Maria Carter, Roberto Rizzo, Nothando Nkosi and Dlamini Welhencia.
Dukwana said that Sferopoulos' authority to operate on the Cipro system had been revoked. Cipro has also suspended the electronic change of directorship in the short term.
Source: Polity
No comments:
Post a Comment