How to convert an Annual Return Deregistration into a Voluntary Liquidation with CIPC
When a company fails to submit its annual returns for two consecutive years, the Companies and Intellectual Property Commission (CIPC) initiates an ‘Annual Return Deregistration’ process. This means the company is in the process of being deregistered due to non-compliance. However, if the business owner wishes to formally wind up the company through a ‘Voluntary […]
CIPC’s New Directives: What to Expect in the Year Ahead
Introduction The Companies and Intellectual Property Commission (CIPC) plays a crucial role in regulating businesses in South Africa, ensuring compliance with the Companies Act, and streamlining administrative processes for company owners, accountants, and company secretaries. As we move into the new year, the CIPC is set to introduce several new directives aimed at enhancing transparency, […]
Are Accountants Already Acting as Company Secretaries Without Realizing It?
Introduction The role of the company secretary has always been a cornerstone of corporate governance. However, as businesses embrace digital transformation and regulatory landscapes evolve, the importance of the company secretary has grown even more pronounced. This article explores how the company secretary’s responsibilities are changing and why this role is more essential than ever […]
CIPC deregistering 500 000+ Non-Compliant Companies and Close Corporations
In a recent move to enforce compliance, the Companies and Intellectual Property Commission (CIPC) has issued a stern warning to companies and close corporations that have neglected their Annual Returns (AR) and Beneficial Ownership (BO) declarations. Through Notice 60 of 2024 and an accompanying media statement, the CIPC announced its intention to deregister over 500,000 […]
CIPC Annual Returns: A Comprehensive Guide for South African Businesses
Learn everything about CIPC annual returns, including filing requirements, deadlines, and consequences of non-compliance. Essential information for South African businesses.
Analysing CIPC’s Annual Return Submissions: Insights from 2023/24 Data
The 2023/24 financial year saw an interesting shift in the compliance landscape, particularly regarding submitting annual returns to the Companies and Intellectual Property Commission (CIPC). The newly released statistics, summarized from the CIPC Annual Report, offer key insights into trends in on-time submissions, penalties for late filings, and the overall financial implications of annual return […]
How to Remove a Deceased Director from CIPC: A Step-by-Step Guide
Dealing with the death of a company director is a challenging time, and amidst the personal grief, there are critical legal steps that must be taken to ensure the company remains compliant with regulatory requirements. One of these essential steps is removing the deceased director from the records of the Companies and Intellectual Property Commission […]
SARS Tightens Regulations on Public Officers for Companies in South Africa
Learn about the implications of SARS’ proposed changes regarding the appointment of public officers for companies.
Major Changes for South African Companies: Understanding the Companies Amendment Act
Explore the major changes introduced by South Africa’s Companies Amendment Act, including enhanced transparency, streamlined business rescue, and strengthened shareholder rights. Learn how these reforms will impact businesses operating in South Africa.
Directors and Shareholders in Your Business: What’s The Difference?
Launching a company is exciting, but navigating the legalities and structures can be confusing. Two crucial roles you’ll encounter are directors and shareholders. While their functions differ, both are essential for a successful business. Let’s delve deeper into their responsibilities and how they contribute to your company’s growth. Directors: The Architects of Strategy Imagine directors […]
