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Submission Of Information In Respect Of Share Warrants To Bearer

26 June 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

All companies that issued share warrants to bearer are required to submit a declaration to assist the South African Revenue Service (SARS) in confirming the number of these share warrants still in circulation and any dividends paid.

As documented in the Government Gazette 36565 Public Notice 421 (14 June 2013) available on the SARS website, "Returns are required to be submitted by companies that have issued share warrants to bearer in terms of the Companies Act, 1926, or the Companies Act, 1973, and still have such share warrants in issue.”

The Exchange Control Regulations, 1961, placed substantial restrictions on dealings in share warrants to bearer, therefore it is not anticipated that many companies will still have share warrants to bearer in issue. In addition, the Companies Act, 1973, permitted only public companies to issue share warrants to bearer. For more information read the explanatory note available on the SARS website

The SBW01 - Return of Share Warrants to Bearer form must be completed and submitted to SARS on or before 31 July 2013.

Should you require further assistance, email your query to Only queries relating to share warrants to bearer will be dealt with. Any other queries should be directed to the SARS Contact Centre on 0800 00 SARS (7277) or you could visit your nearest SARS branch.

Issued on behalf of the Commisioner for the South African Revenue Service


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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