B-BBEE VERIFICATION AGREEMENT entered into between INFORCOMM (Pty) Ltd
Reg no: 2005/006214/07
Name of Authorised Representative:
OBLIGATIONS AND RIGHTS OF THE COMPANY HEREIN REFERRED TO AS MEASURED ENTITY
The Measured Entity confirms its acceptance of the proposal relating to the conducting of a B-BBEE verification of its business by Inforcomm.
The Measured Entity confirms its acceptance of the verification fee, which fee shall be paid in full in advance of the verification certificate being issued.
The Measured Entity agrees to supply the compliance information and documentary evidence required by Inforcomm no later than 7 working days of the date of the signing of this agreement.
The Measured Entity agrees to conform to all statutory requirements for the purposes of B-BBEE verification including the provision for examination of relevant documentation and company financial records.
The Measured Entity warrants that all information supplied to Inforcomm in terms of the verification is factually accurate and that it such evidence may be relied upon for the purposes of conducting the verification.
It is agreed that the mark of Inforcomm appearing on the verification certificate remains the property of Inforcomm and may not be used for any purpose other than validating the original B-BBEE verification certificate The verification certificate is valid for a period of 12 months from the date of issue and the Measured Entity may not use the certificate as evidence of its B-BBEE level of compliance once the certificate has expired.
The names and background information of the verification team have been provided to the Measured Entity which confirms its acceptance of the verification personnel.
OBLIGATIONS AND RIGHTS OF INFORCOMM
Subject to payment referred to 2 above, Inforcomm will conduct a B-BBEE verification of the Measured Entity within a 7 day time period following the receipt of the compliance information from the Measured Entity.
The working papers prepared by Inforcomm for conducting the verification remain its property and copies of records which Inforcomm considers to be non-proprietary may be provided to the Measured Entity in the sole discretion of Inforcomm.
Inforcomm shall retain authority and shall be responsible for its decisions relating to the verification.
Inforcomm undertakes to comply with any policy documents and Codes of Good Practice issued by the Department of Trade and Industry related to the verification. Should any of the abovementioned conditions be violated,
Inforcomm reserves the right to withdraw the verification certificate and the associated rating.
The Measured Entity indemnifies and holds Inforcomm harmless against all and any liability, whether in
contract, common law or otherwise, which may arise as a result of any loss or damage suffered
by the Measured Entity pertaining to the verification decision.
The Parties consent to the jurisdiction of the Magistrates Court, notwithstanding that the claim by either Party may exceed the normal monetary jurisdiction of the Magistrates Court.
Date of Financial Year-End:
How did you hear about us?
Key Indicators
What is the nature of the business?
If you have a Verification Certificate, when does it expire?
When do you require the new certificate?
Once this Request for Verification and the related Verification Agreement has been
signed and the below mentioned compliance documents have been submitted and verified,
then an electronic BEE Certificate will be issued:
- Recent CIPRO registration documents
- Proof of shareholding
- Identity documents of all black shareholders
- Proof that annual turnover is less than R5 million
- Proof of payment of verification fee
Preferred method of communication:
What is the urgency of request:
