Your business could be deregistered for not meeting these requirements

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In CIPC's annual report, over 650 000 companies were deregistered last year mostly due to missed annual returns.

South African businesses run the risk of being deregistered if they don’t comply with the Companies and Intellectual Property Commission requirements.InfoDocs has created a solution to assist with CIPC compliance.that companies must register their beneficial ownership information with the Companies and Intellectual Property Commission by 30th November 2024.explains, deregistered companies could find themselves unable to trade and invoice their clients.

InfoDocs said it has made it easier for companies to seamlessly meet both the beneficial ownership and annual return requirements. “Filing your annual return through InfoDocs is simple and can be completed in a few minutes with all of the required supporting documents. You can file both your beneficial ownership and annual return in ten minutes from R349,” it added in a press release shared with Hypertext.“Annual CIPC returns cannot be filed if your beneficial ownership has not been submitted in the same calendar year.

You’ll need some supporting information to file beneficial ownership: names, ID numbers, addresses, and copies of IDs for all shareholders with more than 5% equity.

 

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