A registered foreign company must always have a local agent. A local agent of a registered foreign company is:
- responsible for any obligations the company must meet, and
- liable for any breaches or penalties.
If a local agent ceases, you must appoint another one. A local agent can be appointed by:
- a memorandum of appointment (a Form 418 Memorandum of appointment of local agent may be used for this purpose) or
- a power of attorney duly executed by or on behalf of the foreign company
|From the Main Toolbar, go to Company.||
|Select the Company from the list.||
Select Local Agent
CAS 360 will display the Add/edit Local Agent screen.
|Local Agents Name||
Begin typing the Local Agent's name. CAS 360 will begin searching the Global Contact screen for the person. If the Contact has not been previously added to the Global Contact screen, will appear.
Clickto add a new contact.
When users selects a local agent that is a Contact Company, the 'Office Signatory' field will appear and this contact will be able to sign the forms
|Status||Select the Status of the Auditor - Appointed or Ceased|
Was the local agent appointed by
|Start Date/Date Ceased||Enter the Appropriate date of the Local Agent change|