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CIPC: Automation of filing director changes
- 30 November 2023
- Regulatory Compliance and Legislation
- South African Accounting Academy
The CIPC regularly reviews its processes and systems to improve customer service and put proper controls in place.
These changes will improve the effectiveness and efficient processing of applications pertaining to director amendments by providing the filer with both email and SMS OTP to confirm that he/she is aware of the application and is authorized to file on behalf of the company. Other changes such as the removal of a director or vacancy as a result of death will go to the back office to verify the authenticity of the submitted documents.
The step-by-step guides will be published to assist the applicants through the process.
Changing contact details can only be made by the person whose details are being changed.
For further information and any inquiries, kindly log a ticket via www.cipc.co.za / inquiries.
Click here to download Notice 66 of 2023:
https://www.cipc.co.za/wp-content/uploads/2023/11/Notice-of-new-process-for-change-of-directors.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
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The Companies Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations regarding NOCLAR (Non-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
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As an auditor, independent reviewer and accountant, you also need to monitor your client’s compliance with the Companies Act and all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.
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Where you perform these compliance tasks on behalf of your client, you need to ensure that you comply with all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.
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Company Secretarial staff play a critical role in bridging the gap between entities and CIPC. As legislation, regulations and tax law are continuously changing and evolving, it is of utmost importance for companies and company secretarial practitioners to keep abreast of such changes so that companies continue to meet their compliance obligations.
Relevance to Your Clients:
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An entity (company or close corporation) has a duty to comply with the Companies Act, and all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.