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CIPC: Deregistration notification for companies and CCs has started.
- 15 August 2023
- Accounting
- South African Accounting Academy
Companies and close corporations are advised to confirm the status of their enterprises, and if doing business or will be conducting business in the near future, to comply with filing outstanding Annual Returns and the required Audited Financial Statement (AFS) or Financial Accountability Supplement (FAS) and Compliance Checklist.
Outstanding Annual Returns and the required AFS or FAS including the Compliance Checklist MUST be filed before final deregistration. The estimated period for final deregistration is mid November 2023. The final date for final deregistration will be communicated in due course.
For more information:
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To confirm the company or close corporation status, go to https://bizportal.gov.za / login / select Services / BizProfile / follow prompts.
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To file Annual Returns, go to https://bizportal.gov.za / login / select Services / Annual Return Filing / follow prompts.
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When making use of BizPortal Service DO NOT deposit funds with CIPC. BizPortal makes use of card payments only.
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For a short video on how to file via BizPortal, go to https://www.cipc.co.za/wp-content/uploads/2023/07/CIPC-AR-Filing-drive_Mobile-480P.mp4
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If you have not received an email reminder to file Annual Returns in the past two years, it means that CIPC does not have your updated contact details. Kindly proceed to file Annual Returns and then update director or member contact details. Go to https://eservices.cipc.co.za / login / select Transact / select Amend Company Director detail (if company) or amend CC member details (if close corporation).
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CIPC offers a free online training course for Directors regarding their statutory obligations in terms of the Companies Act, 2008. If you are interested kindly go to https://www.cipc.co.za/?page_id=10431
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If you have a mandate to file on behalf of a company or close corporation (so called intermediary – not CIPC agent), go to https://annualreturns.cipc.co.za/
For further enquiries, kindly log a ticket via www.cipc.co.za / enquiries.
Click here to download Notice 47 of 2023:
https://www.cipc.co.za/wp-content/uploads/2023/08/AR-dereg.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/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.
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.