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CIPC: Final de-registration of companies and CCs in the annual return de-registration process
- 22 December 2023
- Compliance
- South African Accounting Academy
The systematic final deregistration will occur on 19 January 2024 although e-mail notification of such final deregistration will only commence during the first week of February 2024 and may take a couple of weeks to complete due to the volume of final deregistration notices being issued.
For any further inquiries, kindly log a ticket via www.cipc.co.za/ inquiries–select the Department as “Companies and Close Corporations” and the Category as “Annual Returns”.
Outstanding Annual Returns and the required AFS or FAS including the Compliance Checklist MUST be filed before final deregistration.
Click here to download Notice 74 of 2023:
https://www.cipc.co.za/wp-content/uploads/2023/12/Notice_Final-Deregistration_v1.1.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. Suppose they don’t comply with the relevant laws and regulations. In that case, 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) must comply with the Companies Act, and all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.