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Business Rescue Specialist

Get authorised to perform business rescues in terms of the Companies Act, 2008.

R 2500
Category Licence
Accredited SAIBA
CPD Hours 70
Effort 3 month's study, 6 hours per week
Duration 80 hours
Format Self-study
Level NQF Level 6
Assessment Yes
Supervised No
Pre-Entry No
Tuition Optional
Study Material Yes

What you will learn

As a SAIBA licensed practitioner you will:

  • Be equipped with the necessary skills to fulfil their statutory duties in accordance with the letter of the law.
  • Be guided on how to advise and protect the interests of directors, creditors, shareholders or employees of a company in financial distress.
  • Understand and practically apply the provisions of the Companies Act pertaining to all legal aspects of business rescue.
  • Be able to register with the CIPC as a Business Rescue Practitioner

Study Units

Option available for companies with financial problems
Concept of business rescue and applicable definitions
Requirements for commencing business rescue
Financial distress
Reasonable prospect of rescue
Procedures
Setting aside the resolution or appointment of the business rescue practitioner (BRP)
Requiring security from the BRP
Application by affected person
The order commencing business rescue proceedings
General moratorium on civil legal proceedings
Protection of company assets
Employment contracts and employees
Uncompleted contracts
Post-commencement finance
Shareholders
Directors
Creditors
Appointment
Qualifications
Membership of accredited profession or licenced to act
Not subject to order of probation
Not disqualified from acting as the company director
No compromising relationship with company
Not related to a person with a compromising relationship
Removal and replacement
Powers, duties and liabilities of the business rescue practitioner
Remuneration
Remuneration
Introduction
Prescribed contents
Publication of the plan
Meeting to consider the business rescue plan
Effect of the approval of the plan
Effect of the rejection of the plan
Three month deadline
Conversion to liquidation proceedings
Application to court
What is a compromise
Information to accompany a proposal of compromise
Additional requirements

Requirements

The entry requirements for the licence is a BAP(SA) or an equivalent designation at NQF level 7, together with a minimum of 8 years of relevant experience.

Description

As specialist in Business Rescue you will stand out from the crowd, be able to attract more clients and earn a higher income.

The Companies Act no 71 of 2008 now allows accountants to become Business Rescue Practitioners, opening up a new revenue stream for their businesses. However, this is a specialist area and require evidence that you have mastered the subject area and will be able to deliver quality work as a Business Rescue Practitioner (BRP). The SAIBA Licence: Business Rescue Practitioner provides evidence of your competence in this specialist area.

Download the Prospectus

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