Close corporations

 

Information needed

Acceptable verification documents

Identification

  • Registered name
  • Registration number
  • A Founding Statement and Certificate of Incorporation (form CK1) and an Amended Founding Statement (form CK2), if applicable, bearing the stamp of the Registrar of Close Corporations and signed by a member or employee of the close corporation, alternatively the equivalent document as issued by the Companies and Intellectual Property Registration Office may be used.
  • Trade name

Any one of the following documents reflecting the trade name:

  • An original company letterhead;
  • A utility bill (less than three months old);
  • A bank statement or financial statement from a financial institution not within the Standard Bank Group (less than three months old);
  • A copy of a lease or rental agreement (signed by both parties);
  • A municipal rates and taxes invoice (less than three months old);
  • A mortgage statement from a financial institution not within the Standard Bank Group (less than six months old);
  • A landline or cellphone account (less than three months old);
  • An official tax return (less than one year old);
  • An official tax assessment or official correspondence from the South African Revenue Services (SARS) (less than three months old);
  • A valid television licence;
  • A short-term insurance policy or a renewal letter (less than one year old); or
  • A retail account statement or invoice (less than 3 months old)

Address

  • Registered address
  • According to the Founding Statement and Certificate of Incorporation detailed above.
  • Physical business address
  • According to trade name as long as the document reflects a physical business address.

    If a close corporation has a number of offices, the physical business address of its head office and the office seeking to transact with us is needed.

    In the event of the close corporation being operated from a member's residential address, the member's residential address verification document together with a written confirmation from them that the close corporation operates from their residential address is needed.

Profiling information only for new customers

  • Source of income
  • Source of funds that the customer expects to use for transactions in the course of the business relationship
  • Type of activities we can expect on the account

No verification documents are required.



Members

  • All members of the close corporation must be identified according to the mandatory information for individual customers.

Authorised signatories

  • All authorised signatories must be identified according to the mandatory information for individual customers.

Persons who act on behalf of a close corporation

  • All such persons must be identified and verified as per the mandatory information for individual customers.
  • Written confirmation that the person has authority to act on behalf of the close corporation must be obtained.

For individual related parties

  • No residential address verifications are required
  • No profiling information is required
  • Contact details are an additional requirement.

For corporate related parties

  • No profiling information is required.

 

Login or Register

Select your online banking platform

Standard Bank App