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CIPC: Conflicting registration numbers and incorporation dates
- 16 January 2024
- Legal and Compliance
- South African Accounting Academy
Customers are advised that if they submitted a company registration application late last year, the registration number of your application submitted will be 2023, and the incorporation date (or registration date) will be 2024. This is due to the automation of CIPC’s system.
CIPC assigns the year of registration as the year within which the application was recorded, while the incorporation date is the actual date that the company was registered.
Click here to download Notice 1 of 2024:
https://www.cipc.co.za/wp-content/uploads/2024/01/new-regisration-23-24-notice-1.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 in terms of 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 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 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) must comply with the Companies Act, and all relevant notices/enforcements/practice notes issued by CIPC as the regulator.