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CIPC: Final deregistration of companies and close corporation in annual return deregistration process
- 03 April 2023
- Accounting
- South African Accounting Academy
The systematic final deregistration has occurred on 30 March 2023 although e-mail notification of such final deregistration will only commence during the first week of April 2023 due to the CIPC annual financial year shutdown.
For any further enquiries, kindly log a ticket via www.cipc.co.za / enquiries – select the Department as
“Companies and Close Corporations” and Category as “Annual Returns”.
Click here to download CIPC’s Notice 19 of 2023:
https://www.cipc.co.za/wp-content/uploads/2023/03/Notice_Final-Deregistration.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- 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.
- 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.
- 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:
- 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.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:
https://cpd.accountingacademy.co.za.